Best way to handle multiple offers as a seller
So this may end up being a bit premature and overly hopeful on my end, but I will be listing a property in the next month in an incredibly hot market - Ann Arbor, MI. A friend of a friend just sold his house a mile down the road and had 40 showings and 17 offers.
Given the price point I'm listing at and the inventory levels, there's a decent chance I get multiple offers.
My question is this - what's the best way to maximize the sales price in a multiple offer situation? Tell everyone to submit highest and best by ____ date? Pick one strong buyer and make a counter-offer? Pick a few of the best offers and negotiate only with the few?