From: dim@soda.csua.berkeley.edu (D. Gerasimatos)
Newsgroups: misc.consumers.house
Subject: Re: House bidding war
Date: Wed, 15 Sep 2004 04:06:09 +0000 (UTC)
Originator: dim@soda.csua.berkeley.edu (D. Gerasimatos)

In article ,
WORSS  wrote:
>
>My question is, what options will we have tomorrow when we open the offers?
>What if more than one offer is the same....such as full price and no
>contingencies?  Can we go back and counter at a higher price than asking
>price?


Yes. I had this happen to me. There were 3 of us with full-price offers.
The seller raised the asking price in a counter offer. All 3 of us
refused it and walked away. The house did later sell. Just be aware that
you could turn off all of the bidders and not sell for anywhere close to
asking in the future, just as you might be able to sell for more. If you
don't sign an offer then it is not binding, so you can counter any offer
you want with whatever terms you want.


Dimitri