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First in on a Freddie Mac house with an offer at list. They also wanted 5%

Hi, I believe I was first in on a Freddie Mac house with an offer at list. They also wanted 5% earnest money, which I did. I know the home will go fast, probably get multiple offers. Now, if I did get my offer in first (or even if I didn't does it still apply) Will they come back and counter or ask highest and best? Or just move on to another offer they like?

I can go higher and I really don't want to lose this house. It's been almost 48 hours with no response and I have 3 more days I believe. 
  • July 31 2012 - Philadelphia
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Answers (1)

Their usual process is to go for highest and best if other offers come in 
during this period.  Then they will pick what they consider highest and
best offer to negotiate with.  They not only look at highest but at the surest and quickest close.  I have lost out to lower offers but all cash offers before.
Good luck, may the force be with you.  
  • July 31 2012
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