If a seller receives an offer they find acceptable; they are under no commitment to wait to see if other bidders will come in higher prior to accepting the deal. When you handle several deals when selling your house, having a representative on your side is vital. When making a deal, buyers often include a set of conditions that, if met, would permit them to back out of the deal. Some offers, like loans backed by the federal government from FHA, VA, and USDA, can take up to 60 days since the purchaser needs to reveal more documentation. The lender sends out the buyer a closing disclosure three days before closing, which he must examine in conjunction with the loan price quote he received earlier. If a seller receives a deal they find appropriate; they are under no obligation to wait to see if other bidders will come in higher before accepting the offer. When you manage multiple deals when selling your house, having a representative on your side is essential. The Earnest Money Deposit (EMD) is the amount of money the purchaser is prepared to pay at the time the sales arrangement is signed to show that he or she is serious about purchasing your house. When making an offer, purchasers regularly consist of a set of conditions that, if met, would permit them to back out of the deal. Some deals, like loans backed by the federal government from FHA, VA, and USDA, can take up to 60 days because the buyer needs to reveal more documents.

https://helloazn.com/blogs/7176/7995/when-selling-your-home-how-to-handle-multiple-offers