Reply to Can i wait for the open house

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]When we were looking, we liked to do an initial showing before the open house, have the agent let us know if they get any offers before, then use the open house as a “second look”. It worked out well [/quote]

This is good.  We've done confidential offers or whatever it's called where is take it or leave it and they're not allowed to disclose the amount or even the existence of the offer to other prospective buyers or their agents[/quote]

Depends on what the listing agreement says.   If sellers say agents can disclose the existence of other offers, what are you going to do?   Withdraw your offer?   Petulance does not work in this market.  [/quote]

Money talks. No one ascribes petulance to the highest offer with no contingencies.[/quote]

So if you take the first offer, how do you know it’s the highest offer?   We had an offer with  a deadline at 9 am on the day of the open house.  It had no contingencies and was $35,000 above asking.   Our agent used that offer to leverage other offers.   We did not accept the offer with the 9 am deadline.   They re-submitted their offer by the deadline and lost to a higher offer.    They could not  compete and their agent tried to bully us into taking the offer.    Our sale pushed prices in our neighborhood to a level they can no longer afford.  Their agent is now writing letters begging people to sell to them.   [/quote]

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