What should I do when there are multiple offers on the same house?

What should I do when there are multiple offers on the same house?

John Caliendo (Realtor) gives expert video advice on: How do I make an offer on a new home?; Can I withdraw an offer I've made on a home? and more...

When it comes to buying a home, multiple offers on the same house are always a very, shall I say, stressful experience for home buyers. No one wants to feel like they're in a bidding war, but at the same time you don't want to sit back and let someone else just take your home. I would suggest what I call Zen, and the art of real estate; meaning you draft the offer that you are comfortable with for that house regardless of whatever else is out there. You place this offer on the table and fate and the universe will then take it from there.