2 ms·
It isn't really a bidding war, it is everyone guessing at what the next best offer is and trying to beat it. I never understood why, if you have 20 offers on a
by oh_sigh 6y ago
It isn't really a bidding war, it is everyone guessing at what the next best offer is and trying to beat it. I never understood why, if you have 20 offers on a house and $500k is the best, the realtor doesn't go back to the other 19 and say they need to offer at least $505k, and repeat the process until there is a single offer remaining.
- sushid 6y agoRisk reward ratios are skewed for the realtor. It might make sense for the owners but it's easier to forgo the extra $150 you get as the realtor and just close the deal right now as is.