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Updated about 4 years ago on . Most recent reply

Hector Salas's profile image
Hector Salas's profile image
Hector Salas
  • New to Real Estate
  • from Lake Elsinore, Ca
  • Member since Jan 24, 2021
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User Stats

39
Posts
8
Votes
Hector Salas's profile image
Hector Salas's profile image
Hector Salas
  • New to Real Estate
  • from Lake Elsinore, Ca
  • Member since Jan 24, 2021
Connect
Hector Salas
  • New to Real Estate
  • Lake Elsinore, Ca
8
Votes |
39
Posts
Buying & Selling Real Estate

Submitting Multiple Offers at Once?

Hector Salas
  • New to Real Estate
  • Lake Elsinore, Ca
Posted

Hello BP community. My name is Hector. I am a bit new to BP and the whole real estate business. I have a question for you guys. If you submit multiple offers at once, and get excepted for a few of them, what happens to the other offers that you don’t go with? Because they would technically be contracts at that point correct? Is there some kind of penalty or legal consequence, given that I have not have any deposit?

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