Must I disclose the terms of other offers? How are multi-offer situations handled?

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No, terms of offers do not have to be disclosed. Understand offers are not confidential between the buyer and the seller. Offer terms can be disclosed if a party authorizes to do so. Offer terms are confidential information between the broker, agent, and client. A broker or agent can disclose terms with permission of the client they are representing.
In today’s market, there are many “multi-offer” situations. There are many considerations when determining how to respond to multi-offer situations. 
We can advise on the likelihood of a multi-offer situation and review methods of responding and presenting. For buyer and seller, we plan for this possibility and explain how to respond. Each situation and timing is different. The strategy must fit the situation.

Notice: This website contains general information about legal and financial matters. The information is not advice, and should not be treated as such. You must not rely on the information on this website as an alternative to legal or financial advice from your attorney, accountant or other professional services provider. If you have any specific questions about any legal and financial matter you should consult your attorney, accountant or other professional services provider.