Reply to Can Potential Buyer Ask for Proof of Other Offers?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What difference does it make?  Why do you want proof?[/quote]

What kind of idiotic question is this?  :roll:

They want to know so they aren't bidding against themselves! [/quote]

You put in an offer for what you think the house is worth to YOU.  You are not bidding against yourself.  You have your price, you offer it, and that is that.[/quote]

Obviously not a student of economics ... supply/demand, competition, etc.  [/quote]

Nope...I disagree.  A house is worth only what it is worth to YOU.  It can be worth more to another party, it can be worth less to another party.  Just because it's worth more to someone else, doesn't mean you should increase what you're willing to pay.  I'm not saying this is not how the real estate market works.  But it is how many people find themselves paying more than what they though the top of their range was.[/quote]

This makes absolutely no sense.  Just because a house is worth more to a buyer doesn't mean the buyer should pay that amount for it if it's worth less than that to the market.  This is literally basic economics, as the poster you have quoted pointed out.  Do you go into a store and pay full price for a gallon of milk that is on sale, because it's worth the full price to you?[/quote]

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