Help with a multiple offer situation!

[Matt McKinney]

Hello, we are selling one of our rental properties. We’ve owned it along time. It was originally our primary residence that we converted to a rental when the housing market was bad in 2009 (couldn’t sell it) it’s never been a good rental as far as cash flow. Now the selling market is strong. The house has been listed for 3 days and we have 2 offers. Neither person knows about the other offer. They both Think they’re the only offer on the table. The 2nd offer is stronger than the first. Offer 2 is full price with 4% closing and a $550 home warranty. The 1st is 7k off the price plus 3.5% closing plus $525 home warranty. My realtor isn’t being any help. For what ever reason she’s being very cautious and not giving me her opinion. Would you seasoned pros take the 2nd offer? Let each of them know about the other offer and see if they come up? I’ve never been in a multiple offer situation and am not sure how to maximize the profits. Thank you!