I always tell my sellers not to talk to anyone about price. Certainly not what would be willing to come down to.
NOT TO ONYONE!!!
Well, it happend again. One of my sellers was taling to the neighbor and spilled the beans.
What my client didnt' know was the neighbor was digging for information for a friend that was interested.
The offer came in about $5000 less than he was willing to take. We countered at his bottom dollar, (that he told the neighbor)and they accepted.
At closing, Mrs buyer spilled the beans about knowing the neighbor and the tip he gave them.
Now, I don't know if we would have gotten more, but my client put us in a poor barganing position.
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