We just sold our house in an inner city neighbourhood, and had much the same experience as jwslam. In the sub $500K price point, listed on a Thursday, and had 6 viewings that evening. One buyer called and asked what it would take to close it that evening. We considered, but decided to wait it out. Next morning, got a weak bully offer of $10K over asking, with 8 hours to respond. We said no, and invited them to resubmit.
Our agent advised we were reviewing offers on Saturday, had multiple, went back to the best ones, and ended up selling well over asking. They did a visit, and then a home inspection, and asked for no adjustments. It's a heritage house, and the warts are apparent, so in the current market I wasn't open to any price reductions. I would have just gone back to the next buyer. The joys of selling in a hot market...
We might have gotten more, but in the end, it was over in 48 hours, and we are happy with the price we received. And that's all that matters...
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