What Happens After You Accept an Offer?
Once you sign the Purchase Agreement—either digitally or on paper—you are legally bound by that contract unless it collapses.
MLS Listing Status
After a conditional offer is accepted, your listing status will change to "Pending" on MLS.
This alerts agents that your property is conditionally sold.
- Your listing must be marked "Pending" within 48 hours of the agreement being signed.
- If your agreement was made offline, please notify Bōde immediately so we can update your listing accordingly.
Backup Offers
Having a backup offer is a smart strategy, especially if your primary offer includes conditions that could cause the deal to fall through.
The most important element of a valid backup offer is the seller’s condition:
“The acceptance of this offer is subject to the collapse of the already accepted offer collapsing.”
This ensures:
- You are not in breach of contract by accepting two offers
- You are prepared with an alternative buyer if the first deal fails
Even if the backup offer is stronger, you must proceed in the order of acceptance—deal #1 takes precedence.
If the First Deal Collapses
You are required to complete a form disclosing the collapse of the original agreement.
Please contact the Bōde team via help@bodecanada.com and we will assist you in completing the necessary documentation.