How to Win in a Multiple Offer Situation
Buyer Tips

How to Win in a Multiple Offer Situation

December 15, 20255 min read

In Greater Vancouver, desirable properties often receive multiple offers. Here's how I help my clients win — without overpaying.

1. Be First and Be Ready In a hot market, speed matters. Having your pre-approval in hand, your deposit ready, and your paperwork organized means we can move quickly when the right property appears.

2. Price Strategically I'll provide a detailed comparable analysis so you know exactly what the property is worth. We'll determine a competitive offer price that's strong enough to win but still represents good value.

3. Keep Subjects Clean While I always recommend protecting yourself, we can streamline subjects where appropriate. For example, completing a pre-offer inspection (if the seller allows) removes one barrier and makes your offer more attractive.

4. Flexible on Timing Accommodating the seller's preferred completion date can make your offer stand out even at a lower price. I always try to learn what matters most to the seller beyond just price.

5. Write a Personal Touch A brief, genuine letter to the seller explaining why you love their home can make a difference in close competitions. People are emotional about their homes, and knowing it's going to someone who truly appreciates it matters.

6. Escalation Clause In some situations, I'll recommend an escalation clause — "We'll beat the highest offer by $X up to a maximum of $Y." This ensures you're competitive without blindly overbidding.

7. Trust Your Agent My experience in Vancouver's competitive market means I know when to push and when to hold back. I've helped dozens of clients win in multiple offer situations, and my negotiation strategy is tailored to each unique scenario.

Competing for a home? Let's talk strategy.

Mallika Wadehra

Mallika Wadehra

eXp RealtyMai Real Estate Group