Negotiating with a non-profit
There is a property in my hometown owned by a non-profit that has been for sale for several years. I made an offer on the property and was awaiting a response. The realtor calls me to tell me that...surprise...another offer was just made by another non-profit but at a much lower price. Closing date is the same. Neither offer has financing contingency. The seller is mulling over whether to sell to a for-profit company (me) or a non-profit for half the price. As a steward of other peoples donations, does a non-profit have any duty to accept the higher offer? I'd offer more, but I don't think price is the motivating factor. Any suggestions?!