Should You Always Accept The Highest Bid On Your Home? Here’s A Hint: No

It’s still a seller’s market, and the combination of increased buyer demand and a shortage of housing means you’re definitely on the winning side of the law of supply and demand. In fact, you may end up with several competing offers as buyers try to outbid each other.

However, it turns out that you shouldn’t always accept the highest bid on your home. In fact, Jonathan Self, a licensed Compass real estate broker in Chicago, IL, tells us that on several occasions, he’s advised clients to take an offer that appeared less attractive on the surface. “I uncovered red flags in the buyer interview/showing process that I had to discuss as a fiduciary to my clients, the sellers.”