Multiple offers--how quickly must I respond?
Our house went on the market yesterday and we listed it at what I believe is its fair market value. Within 24 hours we had 13 showings scheduled and 2 offers.
One of the offers we will reject outright (it's a low ball offer.) The other offer is $1,000 less than list, with $5,000 in seller paid closing costs. Because there has been so much interest so fast, we're suspecting tomorrow and Saturday may yield more offers, but I can't guess if they will be better or worse. How quickly must we respond to this offer? Is it okay to wait a day or two to see what other offers come in?