Key takeaways What does the highest and best offer in real estate mean? It’s a request from a seller with multiple offers, asking buyers to submit their most attractive bid, considering both price and terms, by a specific deadline. Highest and best vs. best and final offer? A “highest and best” offer allows for potential negotiation, while a “best and final” offer is a one-shot deal with no...
August 2025
In real estate, sellers often assume that once they accept an offer, the deal is done. However, life happens, circumstances change, and sellers sometimes ask, “Can I back out of selling my house before closing?” While the short answer is maybe, the longer answer is far more nuanced. Backing out of a home sale after signing a contract can lead to legal, financial, and reputational consequences. So...
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