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Let’s say you don’t want to have to move for 90 days, but the buyer with the highest bid wants you to be out of your house within 30 days. Or maybe the highest bid has all kinds of additional terms, like being subject to appraisal, subject to home inspections, and subject to meeting FHA criteria. The decision you have to make is whether it’s worth it for you to encumber the property with those requirements just to get a higher price on the property, which may ultimately be deflated.
Is the encumbrance worth the higher price?
If you have any questions or concerns about what to do in a multiple bid situation, we’d love to help you out. Give us a call or send us an email - we look forward to hearing from you!