Most sellers would be delighted to receive multiple offers. However, figuring out which offer to accept is not always as simple as you might think.
Suppose you receive three offers. One is for $495,000: your asking price. Another is for $10,000 more. And the highest offer is for $525,000–$30,000 over the list price. If you look at price alone, you'd have no reservations about accepting the highest offer. more...