How an offer round works
Seven steps, one board. Watch a listing go from "we have multiple offers" to a signed choice, without a single phone call to relay a number.
- 1
The agent sets up the round
Enter the MLS number, set a closing date. Rounds close at 5:00 PM local time.
- 2
The seller signs consent
Nothing is disclosed until the seller authorizes sharing the highest offer with every buyer.
- 3
Buyers get one link
Each buyer and their agent are invited by email and text, and accept the commitment terms.
- 4
Everyone sees the offer to beat
Buyers appear by initials only. Each one sees the current high and their place in line, and can raise.
- 5
Late offers add 15 minutes
Nobody gets shut out at the deadline. The round extends until it goes quiet, never past 8:00 PM.
- 6
The seller chooses
The highest offer never wins on its own. The seller picks and backups are ranked.
- 7
See what it was worth
The report shows every raise and how far the accepted offer climbed from the first one. Here, $33,000 more for the seller.
42 Linden Avenue
Listed at $585,000 · 4 bd · 2.5 ba · 2,140 sqft
Offer round closesTue, 5:00 PM
Minimum raise$2,500
Buyers seeHighest offer price
Seller consent
42 Linden Avenue · Jane & Tom Rivera
I authorize my agent to share the current highest offer price with every invited buyer, equally and at the same time. I may accept any offer, or none.
SignedJane Rivera
Seller consentSigned · Mon 9:14 AM
Invited buyers
Each gets a private link. Their agents get one too.
JRJordan R.Agent: D. Shah
BindingOffers: You're invited to the offer round for 42 Linden Ave. Closes Tue 5:00 PM. Tap to see the offer to beat.
Closes Tue 5:00 PM2h 14m left
Offer to beat
$598,000
You're #3 of 4
MKHighest$598,000
JR#2$592,500
ASYou$590,000
TN#4$585,000
A higher offer just came in. Raise before 5:00 PM.
Closes Tue 5:00 PM0:42 left
Offer to beat
$612,500
You're #1 of 4
ASYou$612,500
MK#2$610,000
JR#3$605,000
TN#4$585,000
Late offer. Deadline extended to 5:15 PM.
Seller's view
Round closed 5:15 PM · 4 offers · 7 raises
MKMark Kline
Cash · 21-day close$618,000
ASAna Silva
Conventional · 30-day close$612,500
JRJordan Reyes
FHA · 45-day close$605,000
The seller chooses. Backups are ranked and asked to hold for 5 days.
What the round was worth
42 Linden Avenue · 4 offers · 7 raises
Your seller got
$0
more than the first offer · $585,000 → $618,000
Round report
5.6%over asking
4offers
3 daysto decision
Mon 9:14 Seller consent signed · Mon 9:20 4 invites sent · Tue 4:47 AS raised to 612,500 · Tue 4:59 MK raised to 618,000, extended to 5:15 · Tue 5:15 Closed · Wed 10:02 Seller chose MK, backups AS, JR