Seller just raised the price

[Philip Cook]

I put in a full price offer on a building last week. The seller made excuses and didn't accept or reject the offer. Yesterday I noticed that the listing price went up 12.5%. From what I heard, there is a fair amount of interest in the property, but mine was the only offer so far. The deal still works for me at the new price.

Is this type of behavior normal? Any strategies for dealing with this type of seller?

[Joe Villeneuve]

Don't change your offer.  If there is more interest, then you will be out bid anyway.  If there isn't, then you won't be bidding against yourself.