Some time ago, I had competing offers on one of my listings.
It was close to midnight and I was at the seller's home as we did our negotiations.
We agreed to terms with the first buyer and only needed the final initial on the price which was promised the next morning.
We wrapped it up...and when the second agent called I had to tell her that her buyer did not win the home.
The next morning when I reached out to the first agent asking for that final initial, I was told the buyer was still negotiating and was going down in the agreed upon price.
Immediately placed a call to the seller and they decided to go with the second offer. That agent and buyer were delighted...their offer was a good one and they were very up front with us.
The seller signed and ratified that contract.
First agent called to give me another counter and was told.. too late!
That first buyer called me directly and was more than a bit furious. Wanted us to reconsider and were now willing to go above the price they had agreed upon less than 12 hours earlier.
They didn't think they would lose and saw no harm in giving it
'one more try'.
Bad decision !
Never let the seller sign and initial before
the buyer's final initials are in place.