Presentation of offers: A two minute intro for buyers

The presentation of offers is a common practice in today’s real estate market (Saskatoon 2024), but it can be a bit of a balancing act for buyers. Simply put, a presentation of offers creates a delay — usually 3 to 7 days — between the time a property is listed and when the seller reviews all submitted offers.

For buyers, this delay can be a welcome opportunity. It gives you time to schedule a showing, thoroughly evaluate the property, and avoid making a rushed decision. Unlike in a first-come, first-served scenario, you don’t need to feel pressured to act within hours of a home hitting the market.

However, there’s a downside: this approach often leads to multiple offers, creating a competitive environment. As a buyer, you’re entering a bit of a blind process — typically, you won’t know the details of the competing offers or even how many there are. Sellers’ agents are often instructed to withhold that information, which can make the process feel uncertain and overwhelming.

This is where working with a trusted Realtor® can make all the difference. An experienced Realtor® will help you navigate this complex process, provide valuable insights into the strategy behind your offer, and ensure your interests are well-represented. Every transaction is unique, and having a knowledgeable guide by your side can make the experience smoother and less stressful.