When a seller receives multiple offers, they should compare more than the purchase price. Important terms include financing type, down payment, inspection terms, appraisal coverage, closing date, contingencies, earnest money, seller-paid costs, and buyer flexibility.
In competitive Twin Cities neighborhoods and suburbs, the strongest offer is often the one with the best balance of price, certainty, timing, and clean terms. A higher offer may not always be the best offer if it includes more risk.