“The first offer is usually the best offer.”
Have you ever had a seller who refused to negotiate on the first offer received because it looked too low, then never got a better one? Happens all the time. It validates the old real estate adage, “The first offer is usually the best offer.” It’s true, isn’t it? But why? It’s called “feeding frenzy.” It’s that special time in the life of a listing when it’s new and fresh and buyers don’t want to miss an opportunity. But after it gets a little “shelf life,” interest begins to wane. The chart below illustrates the principle.
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