| Name:
pat
Title of Question:
Offer to buy a house |
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Question: We put in an offer to purchase a house. Later, we were told there will be multiple offers given to the seller (our offer + 1 more). We were just told we need to give the listing agent our highest offer so that when the offers are presented, the seller can look at the low and high offers from the buyers and make a decision. This seems strange--we thought there would be counter-offers. |
Post Your Answer To The Question Above:
Name:
Martin
| Date: September 6, 2007, 11:10 am
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| Answer:
Why would the seller bother to counter-offer a low offer, when he can simply take the higher one?
Think about it: Party "A" offers you $500 for your car, party "B" offers you $750. Do you go to party "A" and begin negotiations? No. You take the $750 from Party "B" and the car is sold.
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