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This is all being said not knowing your exact situation. If you are working with a realtor who knows your situation and market place, their advice should be what you follow.
Best of luck!
We chose not to counter the actual offers, and instead requested best & final since we have several more showings today and tomorrow. Our agent has put the information out on MLS & MAPASS so agents will know to tell their buyers who may be on the fence to go ahead and submit an offer if they're interested. Then we'll see what happens --- hoping to get at least one more offer in.
Thank you all for your input!
I am very curious that you had 19 showings in two days and two low ball offers. That is a tremendous amount of showings in such a short period of time. Usually in that case, you are in a bidding war.
Without knowing the exact situation and the property it is hard to comment. For some reason your home has attracted a lot of attention but maybe is priced to high. I would talk to your listing agent and get their input.
Given it has only been 72 hours, I would give it at least a good 10-15 days before accepting what you call a low ball offer.
I noticed that you do not mention a sellers agent. Are you trying to sell your home yourself?
If you are and you have had that much activity, congratulations for a job well done.
You also do not mention if you have countered back to either of your low offers. I understand you are asking for highest and best however, if you do not counter back then the potential buyer is basically forced to counter back on their own initial offer. This gives them no idea as to where you want to be or how flexible you might be on the price.
A good strategy from here would be to keep the price where it is for a few more weeks and also fix the few things you mention have come back to you in feedback.
These items will keep coming back so take care of them now to avoid additional low offers.
It is wise that you are willing to work with the two offers you have, even if low, rather than be "insulted" and telling them to go away. They may be testing the waters to see what your level of motivation may be (and who can blame a buyer for that?!). They may be willing to come up some- or a lot! It is important to keep in mind that the terms of an offer should be considered as well at the bottom line. Are they well qualified? Are the dates aligned with what you need? Are they willing to take the home "as is"? If you pass, drop the price and pay for fixing the items mentioned, will you be at the same place in your net proceeds some months from now?
Since I do not know all your circumstances or your home this is all just food for thought. But there is a maxim: "First offer, best offer". Best of luck!