Homebuyers still have options in a bidding war

When you are in a Seller Multiple Counter Offer (SMCO) situation, you must understand that the seller is in the drivers’ seat.
The SMCO is the form sellers typically use when they have more than one bid.
But getting one doesn’t mean you should give up, throw in the towel, or sign another one-year lease for your too small and too expensive apartment. It just means that you’ll have limited information as you move forward.
Let’s start with a few SMCO basics.
1. The