‘I said “nah”’: Real estate corporation tries to trick potential buyers into a bidding war, homebuyers refuse to play their games and land the contract
"Pressure or creating a sense of urgency is a very effective negotiating tactic. One should be reasonable and allow enough time, but never allow too much time. You did well for holding your ground, now the real fun begins."
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The world of homebuying is already scary and dark, why do large real estate corporations have to make it that much worse of a process? It's one thing if you're buying from the homeowner and talking directly to them and working on respectful negotiations so you both get a good price. But it is an entirely different ball game when a faceless corporation who bought up a bunch of homes for cheap and flipped them for cheap, is now selling them way overpriced and wants to drive up that price even more. What has our society come to? It's disgusting.
Luckily, there are people out there who know not to give in to these corporations' nefarious tactics, like Reddit user 2018_BCS_ORANGE_BOWL and his wife. They were putting in an offer on a home that they wanted very badly. However, it was owned by a real estate corporation and this money-hungry corps wanted to squeeze them like a cash cow. They kept trying to delay the process in order to start a bidding war, but the couple stuck to a 24-hour deadline, and guess what? The corporation folded! Now they are under contract with their top choice home. Congrats!
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