A good deed - Seller accepts $150,000 less than highest offer

[Luc Boiron]

I just read an article about an American couple who sold their home in Oakville, which is a suburb of Toronto, to move back to Colorado. 

Here is the link.

Their home was being sold for multiple offers for over asking (as everything is), and they decided to accept an offer from $150,000 less than the highest offer, because the family provided a letter and the sellers thought they would be the best fit for the neighbourhood.

What do you think of this?

The offer they accepted was $200,000 over asking, they didn't accept an offer $350,000 over asking. 

[Jeff B.]

Makes sense ONLY if it's all cash and a quick close.  Seller second-guessing buyer's fit in the community is craziness and BS, IMO.