why does a bank change it s counter offer by going up? They quote it as "creating a new offer".
bidding on a house that is bank owned. At one point we were within a $1000 and all the sudden they countered back at a higher price. I'm pretty sure there are no other bids...they want a quick close (2weeks).
Answers (1)
FIRST ANSWER
Jen,
Sounds like there are either other offers that came in or maybe they felt you were not beign serious... if you were being very dificult in the negotiations they may be "play hard ball" back... while it is not their money the person at the bank is still a person and emotions DO come into play sometimes...
Could always go back with their last counter offer and see if they will take it now... that may be all they are looking for???
Good luck!
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