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FANNIE MAE MULTIPLE OFFERS NOTIFICATION AND ACKNOWLEDGEMENT The listing agent has received multiple offers for purchase of the following property: REO ID: PROPERTY ADDRESS: BUYER NAME(S): LISTING.

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A highest and best offer request is usually made when a seller has received multiple offers on their home and asks all prospective buyers to submit their most attractive bids within a specific time limit. Once the seller has received all the offers, they will review them and pick the best one.

“Highest and best” means that the seller has multiple offers and doesn't wish to negotiate. Instead, they want to get final offers from each buyer, with their highest offer and best terms, so they can compare and pick one.

What is an Escalation Clause? In the event of multiple offers and a call for highest and best from the homeowners, buyers might decide to include an escalation clause in their purchase offer. This clause states how much more a buyer is willing to pay than the highest offer the homeowner receives.

Here are some strategies for how to win highest and best offer situations. Offer More Money. ... Pay in Cash. ... Get Pre-Approved. ... Add an Escalation Clause. ... Minimize Contingencies. ... Be Flexible on the Closing Date. ... Write a Personal Letter. ... Work with an Experienced Realtor.

The request for highest and best offers means the seller sets a timetable for buyers to provide their strongest offers. Buyers then submit the offer with the most money they can afford and the most favorable conditions for the seller, such as waiving the inspection.

The seller might request interested buyers to submit their highest offer with their best terms, allowing them to choose whichever one they like best without engaging in negotiations. The request for highest and best offers means the seller sets a timetable for buyers to provide their strongest offers.

The “highest, best, and final” strategy — sometimes simply called “best and final” — means that each buyer who has submitted an offer will have one shot to put forward their most attractive price and terms.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232