They will also have your financial information and know that you may have the ability to pay more for the property, but that doesn't mean you are willing to pay more than what originally offer. If they counter your offer with a number you don't like, either counter back with a number you do like, or walk away.
They are in the business of lending money, not owning property so they will want to sell the property as quickly as they can. And you never know - they may offer you terms that are more attractive than the bank who as pre-approved you.
Hope that helps.
Patti Phillips 800-680-9133
The bank execs figure since they are losing so much money on their bad investment, they want to at least be able to boss the buyer ( who is supposedly getting a deal ) around a little bit.