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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Yeah, I don't get what the others are complaining about. That buyer doesn't know there's 16 people behind him, but he probably knows there are others behind him. He's either desperate or just wanting a smooth transaction.
If it were me, I'd be a little wary of someone aggressive like that, so I'd probably say that he was the first to look at the place and I have 16 others lined up. But if he does $60K over the list rather than $20K, I'd accept (200% more than his amount over asking basically as a "go away" counter offer). If he accepts, I'd walk away absolutely stunned and excited about such an amazing windfall.
This is house buying. Courtesy is a bit different because if you weren't the winning bid, you're still looking for a house. With what I am hearing about the cost of materials and people trying to upgrade/downgrade simultaneously, I can kinda see why maybe that prospective buyer did that if he had another place he was also interested in.