Quote:
Originally Posted by bizaro86
I've never had this happen to me selling (sadly), but when buying I've only ever been asked for the top price I'll go to, and not offered a chance to rebid. That really surprised me on one where I was outbid by $250. If I was the seller I'd have gone back to me and asked for a higher bid. I don't see how that could possibly be illegal, and you don't have a contract with these people, just offers from them.
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Weird. I've worked with purchasers at some pretty big international companies, and they work on this premise: bid your lowest cost, and you're not privy to anyone else's bid.
This isn't global business though. Real estate is a game of musical "stab the knife in someone else's back" so if I was selling and it happened, I'd sit all the buyers in a room and auction the house off.