Updated almost 9 years ago on . Most recent reply
"Highest & best" - any way to verify a multiple offer situation?
Hello BP Experts! I'm a newbie who has been out looking, running numbers, and finally made an offer. Then I'm notified there is another offer and they are asking for "highest & best." How do I know there is really another offer and it's not a technique used to drive up an offer price? Is this what I should expect (in FL in the <$100K market)? Thanks in advance for an advice/education :)
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You could put in a bid with an automatic escalation clause of $250 over the highest offer with a cap. In the contract put in that seller would provide proof of other bids.