Bidding Wars: Don’t Blindly Take Highest Offer

When you receive multiple bids on your property, the highest offer shouldn’t always be their default choice. If it comes with an appraisal contingency—and the appraised value doesn’t match the sale price—you could be back at square one, looking for another buyer.
With the national median home price reaching $263,800 in June—a record high, according to the National Association of REALTORS®—home prices in many markets are escalating so quickly that appraisals can’t keep up.

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