I had one transaction like this that my people came in on the loosing side. The house was listed for 144,900 and we offered 144900 and so did 3 or 4 other people, so the bank came back with come back with your highest and best. My people came back at $1000 over the next highest offer up to $150,000. We lost the deal and the house closed for $159,000. Your buyer agent needs to guide you through the process and educate on the value and what should be paid and you have make the right choice.
Your real estate agent should be guiding you. There is no game, if it's between an FHA loan or conventional loan. The seller will likely go with the conventional loan. Even if it is thousands above the list price. The sellers want solid buyers as well.
Jes Sierra, B.Sc.
Not much you can do hope bank will accept offer.
Cash offers close faster, it also depends on how contracts are authored and etc. All guessing game . Even seasoned veterans who have purchased homes have the same issues. INCLUDING MYSELF as a real estate investor.
Your issues are no different than the entire world .