This is a re-blog, so please visit Sally and David's post with your comments.
This is a great post regarding offers ... you have to take a look at the terms...not only the price!
We are the listing agents....who want your "highest and best" offer the first time...not fond of multiple counters with twists and turns...inclusions that are not listed as being included....closing dates that no one could possibly accomodate, pennies for earnest money and the all time favorite "Seller to pay closing costs of up to and including $$$$$".
We believe the best offers are offers where the Buyers have shown some "skin in the game." The choice to buy a home...save for down payment, pay closing costs, due a timely inspection, are taken care of by the buyer(s).
Of late, we have seen some "over the top" offers...beyond the asking price with a laundry list of what the seller will do....or in the case of Short Sales, what the Buyer and their agent expect the bank will do for the money that they choose to offer. The list can include but is not limited to....closing cost credit, inclusions of items not included in MLS from major appliances to landscape decor and the list goes on and on.
Then there are offers...earnest money within 3 days of Sellers' acceptance, 10 day inspection contingency, reasonable price that will appraise...not an out of the park number likely to encounter further negotiation, and a reasonable closing time...ahhh....how do you Spell relief ? Not always the highest...but these kind of offers are the best.