AZ Real Estate Partners
Submitting Offers on Two Properties at Once:
The Legal Risk Nobody Warns You About
“I’ll offer on both and take whichever gets accepted” sounds reasonable. But if both sellers say yes during the irrevocable window, you have two binding contracts simultaneously — and no easy exit.
Multiple Offers
Buyer Default Risk
Contract Law
The Irrevocable Clause: A Formal Legal Commitment, Not a Soft Deadline
Every Ontario Agreement of Purchase and Sale contains an irrevocable clause that specifies a date and time by which the buyer cannot withdraw the offer. The moment a seller signs their acceptance before the irrevocable expires, the contract becomes legally binding — instantly, with no grace period. Submitting an offer in Ontario is not an expression of interest. It is a formal legal commitment that becomes a binding contract the second the other party accepts.
What Happens When Both Offers Get Accepted
Safer Strategies When You’re Interested in Multiple Properties
Strategy 1: Wait for the First Result
The safest approach: wait for the first offer’s irrevocable window to expire or be rejected before submitting a second offer.
Strategy 2: Stagger the Irrevocable Times
If you must submit both, set irrevocable times that do not overlap — ensure one expires before the other’s window opens.
Strategy 3: Use Protective Conditions
Offers with conditions (financing, inspection) give you a potential legal exit — but this isn’t foolproof and still creates contractual exposure.
Strategy 4: Plan With Your Agent First
Tell your agent you’re interested in multiple properties before anything is submitted. A good agent will help you navigate this without creating legal exposure.
My Rule: I Need to Know Before You Submit Anything
When a buyer tells me they’re interested in two properties, my immediate response is: “Let’s talk strategy before we touch an offer form.”
Sometimes the right move is to prioritize one property and walk away from the other for now. Sometimes it’s to stagger irrevocable times carefully. Sometimes it’s to use a short irrevocable period on the less-preferred property to get a quick answer before committing to the other.
What I will never do is submit two offers simultaneously without a clear plan for what happens if both are accepted. The short-term upside of “covering two bases” isn’t worth the legal exposure.
Key Legal Warning
Ontario’s REBBA (Real Estate and Business Brokers Act) and RECO’s Code of Ethics require agents to assess their client’s financial capability and purchasing intent before submitting offers. Knowingly assisting a client who cannot complete both transactions simultaneously may be considered a breach of professional obligations — exposing both the buyer and the agent to legal and regulatory consequences.
FAQ
Looking at Multiple Properties? Let’s Build a Safe Strategy
Being interested in more than one property is normal. Submitting offers without a plan isn’t. Let’s talk before you submit anything.
Arthur Zhao · Broker · FRI · ABR · SRS · 📞 416-277-3836 · arthurzhao.realtor
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