Many buyers, sellers and even agents concentrate solely on price.
Buyers want to know... "why did they accept that offer? our offer was higher!?"
There are many things that go into an offer, other than price... and depending on the seller's motivation... price may be a lesser concern.
Sometimes, the seller has a need to close quickly... maybe they've been transferred, and perhaps they're already out of the house, and burning money each month while paying the holding costs of the home.
Perhaps they have a specific closing date that they want... in order to be home for the holidays one last time... or maybe so their child can start/finish in their preferred school.
Occasionally we find a seller who's been burned on a prior deal... and they're going to pay a lot of attention to the initial earnest money, or the loan details to make sure that the loan will be approved.
Some buyers will turn down a high paying offer, if the seller has a home to sell, and makes the deal contingent on that home's sale, or close. I've seen sellers turn down tens of thousands of dollars because they were scared of that contingency.
There are lots of other considerations beyond price.
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