The sharing of your process, opinions, the comments you received have all been one of the most positive contributing threads/discussions/information this site has had for consumers.
Thanks for sticking with it, sharing and always being the calm voice .
The buyer was brought in by an agent as are 2 other buyers that suddenly were very interested. We actually had 2 offers come soon after we counteoffered - it is very interesting but the other 2 people (both with agents) were just waiting for someone to bid first. In the end, given that things go smoothly from now on, they missed out because they did not bid first. The buyer's agent was actually pretty smart, she gave a very quick deadline on the first offer, yes we counteroffered quite close to the asking price (basically a few K less ) but she felt that there will be competition if they continue conteroffering.
the only people advising you need to be familiar with the paperwork.
In all professional and legal dealings all must in be writing.
Just think, the money you're saving on commission will allow you to pay an attorney to protect your interests.
Best of luck to you!
If your first buyers accept your counter, you have a binding agreement with them and you can't accept the second offer. If you put in your counter offer that the buyer has a certain amount of time to accept, then you'll need to wait out that time. But as Scott suggests, be sure to contact a lawyer as I am not a lawyer and can not give legal advice.
If there was a time period in your counter and that time period expires, then so does your counter.
If you're confident about the second offer, you can withdraw your counter to the first buyer and then accept the second offer.
You can tell the first buyers that you've received a higher offer. However, the first buyers could agree to your counter at the price lower than the second anyhow. So, strategically (and check with your Realtor) it might be better for you to withdraw your counter, inform the first buyers of a higher second offer, and see if the first buyers will go up.
Hope that helps.