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‘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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Posted by Elna McHilderson
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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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  • 1
    "Offer accepted after refusing to play seller's delaying games... Now, we are under contract on our top choice house!"
    Via Mart Production via Pexels
  • 2
    Offer accepted after refusing to play seller's delaying games
    Via 2018_BCS_ORANGE_BOWL
  • 3
    6:00 PM on Sunday: we put in an offer for list price, valid for 24 hours 5:30 PM today: listing agent gets back to us and says "I need more time to get ahold of the sellers (a corpo, not individuals), they're on the West Coast. Give us until tomorrow."
    Via 2018_BCS_ORANGE_BOWL
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  • 4
    Thanks to this subreddit (and the fact that this is 2024 and to my knowledge you can call the West Coast pretty easily these days) I suspected this was a delaying tactic so they could try to get another buyer to beat our offer. Our realtor said give them another day, my dad said let the offer expire and put it on them to try to revive it if they want to sell it to us. BUT... my wife really loved the house and said we should give them two extra hours, until 8 PM. On the off chance that they legit
    Via 2018_BCS_ORANGE_BOWL
  • 5
    7:00 PM today: The listing agent somehow managed to get ahold of the sellers after all and said "They're fine with your offer but need more time to get the higher ups at the company to sign off on it, extend it through Wednesday". I said "nah". 7:30 PM today: The sellers must have expedited their internal approval process because they now are "ready to accept the offer, they'll sign first thing tomorrow when it's normal business hours, just extend it through noon tomorrow". This was 4:30 PM on t
    Via 2018_BCS_ORANGE_BOWL
  • 6
    7:58 PM today: They decided it was normal business hours after all and signed. Now we are under contract on our top choice house! I suspect if we had given them a full extra day they would have had time to pressure the other buyer and get a bidding war going, and if we had let it expire that could very well have been the end of it. Thanks wife!
    Via 2018_BCS_ORANGE_BOWL
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  • 7
    CirclingBackElectra · 13 hr. ago Well done on you! 18 Reply Share anony_moose2023 13 hr. ago Amazing negotiation! Great job! You guys are much cooler under pressure than we were. 17 Reply Share

    anony_moose2023

    Via CircilingBackElektra
  • 8
    xoxomonstergirl . 10 hr. ago Yup. Our sellers agent was like can they think on it through the weekend so they aren't rude to the people scheduled to come see it at the open house? Ek no. lol. 24 hours. I hadn't considered the offer consideration period at first and thought my real estate agent was being a tad aggressive, but in retrospect it's the only reason the offer was the one that worked.
    Via xoxomonstergirl
  • 9
    Forward-Hornet-4895 9 hr. ago 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.
    Via Forward-Hornet-4895
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  • 10
    Elegant-Pressure-290 3 hr. ago Our seller was in Germany (also a corporation), and our realtor was extremely aggressive with them related to being timely. It worked out, and I'm incredibly grateful lol.
    Via Elegant-Pressure-290
  • 11
    rawbface 1 hr. ago • Congrats! We bought a bank-owned property and they did play games with us. I suspect we ended up paying an extra $15k because of their tactics. But this was in 2019, and we were still below the asking price, so I really can't complain about it today. I'm glad you were able to beat the sellers at their game by holding firm. Kudos to your wife for the brilliant compromise. Cheers to your new home!
    Via rawbface
  • 12
    sr8017 11 min. ago Waiting an extra day is one day too late. Back in 2021 a house just went on the market. I had a showing scheduled the next day, and it was sold on the same day. Smh. I learned my lesson and won another house I looked at.
    Via sr8017

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