Quote:
Originally Posted by The Yen Man
How would the buyer know or care what cards the seller is holding? Seems like ok negotiating to me to give a sweetener of $20K above asking with the condition the clock is ticking. If I look at it from the buyer's perspective, it's take it or I look at something else.
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It doesn't matter if they know or not, my reaction is to their attempt at a pressure tactic , which is exactly what it is. Its not so the buyer can save their time and move on- 6 hours compared to 24 hours in the grand scheme of house buying?
Its so the seller has a visceral reaction and perhaps looses some rational perspective and then the buyer gets perhaps a better deal.
That is what pressure selling/buying does to the other party. Rational the tactic with any other number of reasons you want, but this is the intent.
That doesn't mean if I was the seller I wouldn't consider accepting an offer from any pressure tactic, but it does mean that if the cards in were in my hands, as this seller has, I would assume I am not thinking rationally towards this buyer and therefore could not trust myself to enter into an agreement with them, really no matter the price.
Hence, tell them to get lost, too much to risk.