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Personal Finances / Buying or Selling a Home

URL:  http://boards.fool.com/fingers-crossed-for-competing-bids-i-would-say-30681408.aspx

Subject:  Re: House for sale - offer expected Date:  5/13/2013  1:09 PM
Author:  MetroChick Number:  125264 of 127715

Fingers crossed for competing bids!

I would say beware of a sight-unseen offer. Most people are probably going to put in contingencies, and just because an offer is the highest doesn't mean it will close. And it's easy to put in a high offer when you haven't seen the place if you know you can get out of it through the contingencies.

Having more than 1 offer is great because you could always play them a bit against each other. But keep in mind, an offer price is one thing. You also have to consider which offer looks the most likely to close - and with as few post-offer costs (such as inspection repair requests) as possible.
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