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Presenting a Silly Offer to the Sellers
On one of my new listings that went on the market this last week, I had an agent show it twice and call to tell me they were coming in with an offer.  I did expect this one to sell fairly fast, so I wasn't surprised by the immediate interest. 
I just closed escrow on a condo just down the street that had almost the same floor plan and was a few square feet smaller built by the same developer.  It recorded the day before and went in escrow in just a week after putting it on the market.
She said she would be e-mailing the offer that evening (Friday).  I just received the offer today (Sunday morning).  The offer was far below any comparables in the neighborhood and far below our asking price which was the lowest in the sub-division.  After telling us an offer was coming Friday to have it show up on Sunday; leaves the seller disappointed.  Fortunately I did warn them when we signed the listing that they may expect silly offers.
Here is the rub on an offer like this.  If the buyers are actually interested in the property they have just sensitized the sellers.  Their ... more

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