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Reply to "Does Final Offer make you less likely to make an offer?"
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[quote=Anonymous][quote=Anonymous]Agent X here. I've seen a few agents use this. It's supposed to have "more transparency" in the process. I don't understand what the upside would be to using this. It's just a way for a seller to say that they want more than list price like you found with the home you liked, and no contingencies. To me all that is just like a suggested retail price. [i]Sure we WANT $4M and no contingencies so we'll put that on Final Offer, but we know the house is only worth $240,000 and the roof is clearly falling in. But maybe people won't notice, honey![/i][/quote] NP. Would these Final Offers turn up in cases where the listing agent knows it's not worth $240,000, but the owners are insisting on $4M, so they compromise on this? Still wouldn't tempt me to bid on something that, as another pp noted, would probably be wasting my time.[/quote]
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