Advice on getting REO offer accepted

[Mike T.]

My partner and I have flipped 3 properties during the past 8 months. We have found the best deal to date listed on Wednesday for 206,000 with an ARV 400k+. The property needs a new roof, two ceilings have severe water damage and there is some mold. It needs some additional cosmetic fixes. My partner is an GC who owned an insurance restoration company. These fixes are in his wheel house!

The bank is taking offers for 7 days.  So far no has turned in a full cash offer for list price.  I am turning my offer in on Monday above asking.  This will be full cash offer, funds in my checking account.

Any advice on anything else I can do to get offer accepted?

Should I turn in an large deposit with the offer?

Thanks for your help.

[Michael Noto]

@Ken T. what if there are 2 identical offers with about the same EMD, cash offer, and no contingencies?

One guy has a track record of closing deals and the other doesn't, how do you think that is going to play out?

I was more talking about highest and best situations with those specific circumstances. Should have been clearer. Sorry about that.