It's tough to be a would-be home buyer making an offer in a multiple offer scenario...

[1]  You don't know what offer terms other buyers are including in their offers.

AND

[2]  You don't know how the seller will prioritize differing offer terms.

For example...

[1]  Some sellers will focus mainly or only on price -- they will likely go with the offer with the highest offered price.

[2]  Some sellers will lean most heavily towards cash buyers, followed by buyers with the largest down payments, even if this is not the highest offer.

[3]  Some sellers will opt for an offer without a home inspection contingency, even if that is not the offer with the highest offer price or with the smallest loan

[4]  Some sellers will focus mainly on the timing of the closing and/or whether the buyer is offering to let them stay in the house after closing.

AND

[5]  Almost all sellers will consider ALL of these factors but will consider some of the offer terms more heavily than others.