My Offer Rejected, $1k Difference, Why No Highest & Best?

[Mehran K.]

Hi everyone,

So I put in an all cash offer on a property, 10 day closing, no contingencies. The seller accepted the only other offer and it was just $1,000 more than mine.

I'm trying to wrap my head around why, with two offers so close, was a "highest and best" request never made to me? The only thing that even makes sense is the Selling agent could've been the one who procured the buyer and made 2x commission by closing the seller on his offer instead.

Any other possible reasons that make any sense? How frustrating lol!

Thanks in advance.

[Ibrahim Hughes]

Whose the owner/seller? Individual or bank? Sometimes individuals and their rookie agents don't know they could do a highest and best.