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Let's go over 2 offers on this house
Good Money Morning BP Fam,
I'd like to show you what multiple offers look like in a sellers market. We just listed a house and got 7 showings the first few days. We received multiple offers and today let's go over two of them to determine which buyer is submitting a better offer. There are 5 things we look for when determining the highest and best offer:
1. Price/Lender
2. Down Payment
3. Closing Costs
4. Time Frame
5. Inspections
Both of these offers were extremely strong so we had to make a decision based on 1 of the 5 major points. But further I'd like to know which offer you would take as well. You'll be surprised at what buyers are offering on houses today and losing the bid.
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