Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago on . Most recent reply

Opinion on offering 17k over list on a 90k property
I put an offer in on a property yesterday (same day it was listed) for asking price. Asking price was basically the same as the zestimate and the house was turn key.
Today everything seems good - sellers agent contacted my bank to ensure profile/pre-approval. They told me we'd know by the end of the day.
An hour later they get an offer for 17k over list. Why would someone do that? I understand over list, but 17k on a house listed at 90k?!? Is there a strategy they're using for securing homes that I could be utilizing? (Aside from the obvious of throwing stupid money at a property)
Ie. Make the offer seem extreme and then when the house doesn't appraise, renegotiate?