This is what I like to refer to as: ‘Open up your mouth and insert your wallet!’
Another agent and I are discussing the finer details of a forthcoming offer on one of my listings. She has talked to her clients, the buyers, about offering $200,000 (just using this price as an example) on the home. She’s just waiting on them to get back home and sign it with electronic signatures.
Meanwhile, the seller opens the house back up for the buyers to have another ‘quick’ peak. And they let the buyers know that $180,000 is their rock bottom bottom line. No haggling. Cut to the chase!
So, the buyers meet back with their agent and guess what they draw the offer up for? $174,000!