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Updated over 8 years ago,
The perfectly timed "second offer"
I'm working on a deal on the MLS, the house needs work and was over priced at $180k. I made an offer through my agent at $135k that I felt was supported by the comps.
The seller countered at $150K (the max I'm willing to pay), so I countered at $142,500. The listing agent responds with
"I will submit this but it will likely be declined, My seller already came down $30k and we already talked about reducing the price if your buyer won't take $150k."
I told my agent to tell them to submit it and try to sell their agent on it, selling season is over, house needs work, etc....
That was last night, now they claim they have another offer that the seller wants to respond to before responding to me. Seems like they are just stalling for a better offer to me.
Anyone have any techniques I could use to put the pressure on this seller and get them to respond?
Thanks
John