In Minnesota and the Twin Cities area, we are experiencing a shortage of homes for sales, which has led to many multiple offer situations. As a buyer, it can be very challenging and stressful to be in a multiple offer situation.
A home seller in Minnesota does not have to disclose to a buyer that they have received more than one offer. They can also be negotiating one offer, while others may be coming in. It is common for home sellers in Minnesota that have more than one offer in on their property to tell their real estate agent to call for highest and best. This means that all parties who have submitted an offer (and sometimes all showing agents) are notified that there are multiple offers in and that they should submit their highest and best offer by a given date and time. This is common practice, as it typically benefits the seller, but it isn't required by law.