Multiple Offers are Fair Game
If you’ve found out there are other offers on a property you are interested in, do not let that deter you from making an offer anyway. Dian Hymer, writing for Inman News, says that these days multiple offers on a property are not only okay, but are welcomed by sellers. And the good news for you is that the highest offer is not always the winning offer.
There are many factors a seller will look at beyond the monetary offer. For example, they may prefer to accept an offer from someone with solid financial backing even if it is not the highest bid, or they may accept a lower bid by someone making a cash offer who can close quickly.
Ultimately, if you are interested enough to make an offer on a property, you should. To read the Dian’s full article, click here. To read more columns by Dian, click here.