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Updated about 16 years ago on . presented by

Nick Scalero's profile image
Nick Scalero's profile image
Nick Scalero
  • Real Estate Investor
  • from Mountain View, California
  • Member since Jan 6, 2008
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User Stats

53
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6
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Nick Scalero's profile image
Nick Scalero's profile image
Nick Scalero
  • Real Estate Investor
  • from Mountain View, California
  • Member since Jan 6, 2008
Connect
Nick Scalero
  • Real Estate Investor
  • Mountain View, CA
6
Votes |
53
Posts
Tax, SDIRAs & Cost Segregation

Offers on multiple properties

Nick Scalero
  • Real Estate Investor
  • Mountain View, CA
Posted

I'm looking for the correct verbage to add to a contract where I am making offers on multiple properties but once one of the offers has been accepted all the other offers are no longer in effect. Something like, "The buyer may submit purchase offers on multiple properties. This offer to purchase becomes invalid if one of the buyers other offers is accepted. Any deposits submitted with this offer will be returned to the buyer at this time."

Is this legal? Anyone else do this?

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