Seller stall tactics

Original image by Holger.Ellgaard.

Q: I have been making offers for a couple of months now. In my town, most low-priced listings get lots of offers. In fact, every home I've made an offer on, I've been up against at least a couple of other buyers. Sometimes, the seller will say there's no offer before we make ours, but then we'll send it over and they'll call back and say that they heard another offer is coming in the next day, and again the next day, so that they may wait a week before they give us an answer. Why are they taking so long to get back to us?

A: Traditionally, the preventive for your problem was simply to set a short offer expiration time frame and essentially force the seller to either respond to your offer, forgoing other potential offers that might come in, or forgo your offer on the wish/prayer that others will come in and be better than yours.

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