Multiple Offers On My Gas Station For Sale

I have gotten a number of new offers:

Two offers above my asking price of $1.85M

Buyer E) 1.875M - Unfortunately, I don't think they will pass the Oil company interview.

Buyer F) 1.86M - Very Strong candidate, both financially and intellectually.

One offer slightly below my asking price:

Buyer G) 1.8M - Has service station experience, but I don't think I would like dealing with this person all the way through to the close of escrow.

I am also expecting two more offers, but I do not think based on my conversations that they will pass the test.

To decide who to enter into contract with I asked Buyers A (see last blog entry), E, F and G to provide me with a written bid, verification of funds, credit ratings, and proof of collateral. I had numerous conversations with all of them and meetings with some of of them. Hence my comments about each of the buyers.

After reviewing all of the materials that were sent to me and some business courting (lunch, dinner and other activities), I made up my mind to go with Buyer F and I entered into contract with him yesterday. I have not told the other buyers that they are runners up yet, but I will start to tell them tomorrow.

I am going cancel the newspaper ads, and change the status on my BizBen.com web ad to "sale pending". Hopefully this will slow down the calls a little bit. I sure did not expect this amount of work. I will keep you posted on my progress!