If a seller receives a deal they find acceptable; they are under no commitment to wait to see if other bidders will come in greater before accepting the offer. When you manage several offers when offering your home, having an agent on your side is important. When making an offer, buyers regularly include a set of conditions that, if fulfilled, would enable them to back out of the deal. Some offers, like loans backed by the government from FHA, VA, and USDA, can take up to 60 days due to the fact that the purchaser needs to reveal more documentation. The lender sends the purchaser a closing disclosure three days before closing, which he must evaluate in conjunction with the loan quote he received earlier. If a seller gets an offer they find acceptable; they are under no responsibility to wait to see if other bidders will come in greater before accepting the deal. When you handle numerous deals when offering your house, having a representative on your side is essential. The Earnest Money Deposit (EMD) is the amount of cash the buyer is prepared to pay at the time the sales contract is signed to prove that he or she is severe about purchasing your house. When making an offer, buyers frequently consist of a set of conditions that, if met, would allow them to back out of the offer. Some offers, like loans backed by the federal government from FHA, VA, and USDA, can take up to 60 days due to the fact that the purchaser requires to show more documentation.

https://www.reallistingagent.com/blog/2022/10/17/how-to-handle-multiple-offers-when-selling-your-home