First Time Homebuyer Being Asked for Highest and Best

[Aira Alcantara]

Hi All!

My spouse and I are first-time homebuyers here. We have recently placed an offer on a property for $219K. We offered full price with the seller covering 3% of the closing cost. The seller's agent reached out to us saying they have received multiple offers after today's virtual open house. They are requesting the highest and best offer. Offering $3k -$5k more would be a $50 - $60 difference in our monthly mortgage (including taxes.ins). If we do offer up we would like to have the seller to cover the closing cost. I would appreciate your insight on the best possible offer I can make for this property. I have to give an offer by 9a tomorrow.