<prompt> Human: Hey all, not 10037; sure if this is correct subredditIm about to lose it. Before anything, you guys need to know Im looking in Denver. Real estate is insane out here.Little background about myself - Im 22 turning 23 next month recently graduated from college with a business degree, minor in information systems. I got a job in Denver working in IT making 60k and got approved for a loan up to 350k putting 337; down.Ive been renting a room the whole time I was in college 5 years which was always 500 a month in a shared 4-5 bed2 bath house across the street from my uni. Ive worked the whole time so Ive been able to save up and pay for school leaving me with 20k in student debt. The plan was to find an apartment with a friend. This would cost us 1000 each for a 2 bed in downtown Denver. I liked the idea of this as living downtown would be fun, I could afford it 2037; of my income and Ive lived in a old neighborhood the whole time Ive been in Colorado.I was talking to my parents just as I was about to sign the lease and they told me to buy a place as Im graduated, working full time, could get approved for a loan and have some saved up, they even offered to help. This frustrated me as I had things lined up. Next day Im talking to a mortgage broker saying Im prequalified up to 350k on my own. But at the same time I wasnt opposed thinking it could be a great investment.Fast forward a couple weeks, I found a couple places I liked. My biggest thing was finding somewhere 150sq ft. I found some nice houses 2,000 sq ft but not in the best part of town. I found a townhome in a nice part of town for 300k. Proceeded to make an offer for asking price only to find out someone else offered 2000 more. They counter offered an additional 5k and I declined. They go through with the other contract. I find out from my realtor the other offer is from a joint tenant contingent upon their parents being able to get a second mortgage for them.This is where I lost it. They would rather accept an offer from someone who cant finance the place themselves than an individual who is fully qualified all for an additional 2 grand. The broker offered me to be the back up if their contract fell through at 305k - 5k more than my original asking price offer and 3k more than what the other buyer offered.This place was dope and Ive been looking constantly and dont think Ill be able to find something like this anytime soon. My lease is up in a month and I have no where to go. Im looking at renting with friends again which doesnt even sound too bad considering it will cost almost the same as HOA fees, mortgage insurance, home insurance and taxes alone.My questions: As a real estate broker, arent you inclined to accept an offer from a potential buyer that is in a more secure financial position? If the contract were to fall through - doesnt that look bad to your client that you accepted an offer that a buyer was unable to finance? Should I pay the additional 5 grand to secure the property should the contract fall through? I love the place but after all this headache this has caused Im pissed. Yeah Im young and a first time home buyer but dont take advantage of me. I might be the only other offer they have but what are their other options? Put the property back on the market and wait for more offers?TLDR: submitted asking price offer for property and was beat by someone offering 2k more contingent upon their parents getting approved on a second mortgage  <response>: As a real estate broker, arent you inclined to accept an offer from a potential buyer that is in a more secure financial position?The broker presents the offers. The owner selects the offer.If the contract were to fall through - doesnt that look bad to your client that you accepted an offer that a buyer was unable to finance?The owner selects the offer.Should I pay the additional 5 grand to secure the property should the contract fall through? I love the place but after all this headache this has caused Im pissed. Yeah Im young and a first time home buyer but dont take advantage of me. I might be the only other offer they have but what are their other options? Put the property back on the market and wait for more offers?You are in a crazy market,I remember the last time this happened. People would write offers without even touring a house. Its kinda nuts, but put yourself in the sellers shoes.If people are fighting at a listing price, they are probably thinking they could have got 10K more at this point. 