if we make a bid on a house and someone else makes a higher bid do we get a chance to up our offer?

Question

I didn't know if we could make a higher bid or if they get the house?

Answer 1

The rules on that differ from state to state. Get a good agent to help you out.

In my state a seller can only enter into negotiations with one party at a time. They would have to set aside the second offer and only negotiate with it if they couldn't come to an agreement with the first party.

This is why in quicker markets Realtors advise to make your highest and best offer the first time.

Answer 2

Maybe or maybe not. The sellers are under no obligation to give you a second opportunity to raise your price. If the other offer they receive is adequate for their needs, why would they do that ?

You are always encouraged to make your best bid from the start.

Answer 3

i anticipate that's a industry pushed quote somewhat than ordedr pushed? The industry markers make a residing via identifying to purchase and merchandising inventory and taking the turn (unfold). you will discover that if there is great 2-way quantity then the MMs could make good earnings with in basic terms a small unfold, in actuality the tight expenditures probably make for greater identifying to purchase and merchandising. With skinny quantity their isn't lots earnings hence the unfold must be widened. you additionally could have much less MMs making a cost hence much less opposition between MMs. With an order pushed inventory a great unfold will come from low volumes in all possibility by using a good proportion of the shares being tightly held via establishments or founders.

Answer 4

Not necessarily; it is up to the seller, who may give you a chance to bump your offer -- or may just accept the higher offer to get the deal done.

Answer 5

Ask your realtor. The rules differ....

Answer 6

you should assuming their realtor has half a brain and knows how to work a sale