Contracts
A Virginia seller receives two offers simultaneously: one at full list price with an inspection contingency, and one at $10,000 above list price with no contingencies. The seller should:
AAlways accept the higher price
BEvaluate all terms — the clean offer may be preferable despite its higher risk, and the seller should weigh all factors✓ Correct
CAccept both offers simultaneously
DOnly accept the offer that came in first
Explanation
The 'best' offer is not always the highest price. A higher offer with no contingencies may close more cleanly. The seller should weigh all terms: price, contingencies, financing, timeline, and closing date.
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