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[quote=Anonymous][quote=Anonymous]Walk. I had someone do this to me on a car sale, if you can believe it. [b]We had closed the sale after I agreed to his list price on Craigslist[/b], I joined a credit union to get the best car loan rate, got the bank check, and was set to meet him at 6 pm - then he emailed me that afternoon saying he wanted $2500 more because he thought he should be asking more since the car had GPS! I told him to shove it. You should too. This is totally dishonorable and lame, and you're right, probably an omen of things to come if you keep dealing with these people. [/quote]

Why would you tell him to shove it.  You should have told him that unfortunately, he had already agreed and sign to the sale price.  He was obligated by a signed contract to the previous sale price and hold him to it.  In your situation, if he had not turned this over to me, I would have taken him to court for breach of contract.  You were entitled to the car for the originally agreed and contracted price.   It wasn't your fault that he was an idiot when he priced the car.

As for those who suggest countering with a lower offer, that's just wasting both agents time.  They are not going to accept a lower than list price, so why bother?  Either counter with your exact same bid or reject the counter and move on.  You should not escalate.  There is no purpose to escalting even $1K.  As the agent said, you are bidding against yourself.  Why would you up the ante when no one else is bidding?  The sellers choice is to accept or wait and pay another mortgage.  If they were going to draw a bidding war, it would have been during the week after listing.  After a week on the market with no offers, you are unlikely to get a bidding war without some change in the listing.[/quote]

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