The offer came in at 40% of list price. I Laughed and called my seller. He DIDN'T laugh. He said he would not even counter.
10 days later, we get an upgraded offer from the same person...51% of list.
Now my seller is furious..."I don't care if the buyer comes back at 10% above list...He can go to," well let's leave that part out.
The funny part is that the buyer wanted the seller to hold the note and also didn't want to put down any money.
We have others that are serious about purchasing the property. My seller isn't stupid, he understands that he may have to drop some.
But, if you think that you can throw out a ridiculous offer and not pee anyone off and still try and purchase the property...you may have a big surprise ahead of you.