If you have any further questions please let me know
First Team Real Estate
The short answer is no. Price is only one aspect of the offer that is reviewed. There are loan, inspection, and appraisal contingencies that also come into play.
For example, someone offers $50K less than your offer, but is willing to provide the offer without a loan contingency and a 5-day inspections contingency timeline, while you want a 17-day loan contingency and inspections contingency. The first offer may be more appealing to a seller.
Even the type of loan that may be used can be an advantage. If the property is in disrepair, a Seller may not favor an FHA loan due to its required correction of all health and safety issues.
Hope this helps. Best, Steve