Advice on a short sale - extended bidding deadline

[John Nisewonger]

I am interested in a short sale for a flip in my area and I have an active offer on it. House is 62k and I put in 66k cash. Bids had to be in this week. We'll we get an email saying they are going to extend the bidding to early next week.

My worry is an owner occupant might put in a higher offer. At what percentage typically will banks choose a cash offer over a loan? Should I bump it any or hold my ground. House just needs paint and replacement windows comps at 105k. Super easy flip.

My agent says they are just trying to jack the price up. I am just comfused on why they are holding out whwn i offered cash and above their asking price. Any advice is appreciated!!!!