Should a Buyer See a Property That Already Has Offers?

Sometimes a buyer will want to eliminate a showing if a property already has offers on the table. I typically don't recommend ruling properties out because of active offers, but there are some exceptions & other information that's helpful to know.

General Information To Note:

Generally, the more cash you have available, the better your position will be in a multiple-offer scenario.

The lower the number of offers, and the longer that a property has been on the market at the current list price, the less that a multiple offer situation is likely to be very competitive.

Agents often won’t disclose much about an offer (or the highest offer) on the table prior to a showing or even after the showing.

Exceptions Examples:

If >1 offer already (or if 1 offer known to be above asking price) & at literal 100% top of budget with no option to stretch

If >1 offer already (or if 1 offer known to be above asking price) & you wouldn't be willing or able to make a strong offer

Related:

Backup Offers: Seeing Property & Making Offers After Already Under Contract