My buyers have made offers that I felt would not appraise, and did not offer to pay over appraised value.    Sellers should know then, that they will get the highest and best price for their home.

Paul, at this point, the "winners" of your bidding war no longer have the most attractive offer.  I'd go on to the next.  The price isn't everything.

I agree, then there is no point, take the strongest offer you have in writing.

Nice to have a second offer.

Paul - If the buyer does not agree to pay amount over list, you have other offers, so just move on to the next best one.

Not sure why a buyer would even bid over list if they were not interested in paying that amount.

Anything they cannot back up is essentially a non offer. 

No signature, no deal.  

Time to go on to the next bid

Without it on paper and backed up by a proof of funds letter you have nothing but hot air.

yes and no...yes based on the obvious and NO..an appraisal is a material fact which changes things...What to do? Whats best for all concerned with bias for your client

Your seller have a choice of picking any offer they prefer and does not have to be the highest.  Giving up X number of dollars could be major saving in the long run.

Paul S. Henderson, Realtor, Tacoma Washington If this is above board and they say they will be responsible and pay the amount over the list price, why not remove the appraisal contingency and ask for proof of funds to cover the overage should it not appraise? Putting in a time line is a good move.