many factors can weigh in
Highest 'net' offer is a starting point
But what if it exceeds what the appraiser comes in and appraises it for?
A lesser, but all cash offer would make more sense if Seller feels it won't appraise for a higher amount anyways.
A lower cash offer will also be considered since there isn't the risk of the loan getting denied. There also won't be a Lender ordered appraisal to contend with. Closing can happen fast.
With all things equal, many times a buyer's Financial Info Sheet is requested.
The strength of the buyer will be reviewed;
Employment history, income, salary?, and assets...
These all come into play when comparing similar offers.
Is it a local lender the realtor trusts?
Or an out of state lender who can't be held accountable, with Underwriting in Nebraska.
Relationship with Realtor. Is this a known agent who is trusted and has a reputation of closing buyers. It takes a special agent to close a lot of buyer business... and a lot of persistence.
Remax Town Center