Nothing stops you from submitting offers on more than one home. The danger is having more than one accepted.
The risk
Once a seller accepts and the contract is ratified, you are bound. See what ratification means. If two sellers accept, you could be committed to two purchases and have to rely on contingencies to get out of one. That is a poor plan.
If you still want to compete on more than one home
- Use real contingencies. They are your lawful exit. See how to void a contract.
- Set an expiration. Your offer should state when it ends, so it does not sit open.
- Know your withdrawal rights. Before acceptance, an offer is generally revocable, effective when received. See withdrawing an offer.
- Track every offer in writing with your agent, with times and status.
- Know your financing. Each offer needs deposit funds ready. See earnest money risk.
A better approach
Rank your homes. Make your strongest offer on your first choice and give it a short, clear deadline. Move to the next only if it fails. In a competitive market, a clean offer on one home often beats scattered offers on three.
Part of our guide to making an offer in Virginia.
Talk to Glenn and Gift before you sign
Questions about your offer or contract? Call 703-707-0334 or send us your question.
General information for Northern Virginia buyers, not legal advice. Your contract controls, so read it and ask before you act.
