I have 4 offers on my house now so we canceled all other showings. This is what I have in play:
- Asking price on a conventional loan with 1k in earnest money.
- 20k above asking on an FHA with 1k in earnest.
- 10k above asking on conventional loan and 6k in earnest.
- 5k above asking with 5k earnest money.
So number 3 looks the best but obviously I’d like the higher bid but I’m worried about qualifications/inspection about FHA. All offers don’t care and can cover if appraisal doesn’t come back as they are offering.
What do you professionals think?
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source https://www.reddit.com/r/RealEstate/comments/15v7h2o/looking_for_additional_advice/
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