Short story is I found a home that I really like that was calling for highest and best about a week and a half ago ( 4 days after it went live). I offered slightly over asking price with an escalation max to 30k over asking. The sellers agent came back and said the sellers want 50k over asking minimum and they were asking all people who submitted offers to come up higher. I didn’t really budge other than sweetening the terms slightly by offering to double deposit, flexible closing and increased escalation max by 5k. I think the home is slightly overvalued at asking so I’m only willing to go so far above.
They removed the highest and best from the listing description and the house is still in the market. They haven’t declined my offer, but they haven’t accepted any either. The home was also listed back in 2021 for about 150k more than this listing and they came down about 100k over the course of 10 months then delisted it. Are these guys just playing games? Should I just forget this house and move on? I like the house and haven’t found many I like this much, but I’m not willing to overpay as much as they want, I’m also concerned they will continue to play games during closing.
[link] [comments]
source https://www.reddit.com/r/RealEstate/comments/1kma953/offered_over_asking_with_an_escalation_max_of_30k/
Comments
Post a Comment