Updated over 1 year ago on . Most recent reply
Not accepting asking price.
After 20 years of buying and selling real estate this morning it occurred to me that if somebody offers to sell their house for let’s say $250,000 “as is” and you agree to pay that exact price with no contingencies, but other people are interested in the property , then that seller can just raise his price and not sell the property for the price “advertised”. I’ve always accepted that’s just the way it is, and as a seller have even done the same thing!
But this morning I was thinking that’s the only product in the world that someone can advertise something at a certain price and you go to buy it and they say no I’m raising my price. I mean if you go to buy a car and offer the dealer the advertised price , then someone else walks in at that moment, and says I want to buy the same car , the dealership doesn’t make you bid highest price! They sell you the car for the price advertised. They may indeed raise the price on subsequent cars but not on the car you’re about to purchase.
Just wondering what people think about this ?