Although it's not the norm, it does happen like this every day. A seller lists the house at a low price hoping to generate lots of interest and multiple offers. A listing is not an offer to sell. After all intial offers are received the seller will go back to all who offered and tell them about the multiple offers and ask for a final offer. Then the best offer is accepted.
It's really no different than sealed bids. You always know there are several bidders but you don't know what they are bidding. You have to decide what you are willing to give and stick with that number. If you get it great, if not then move on to something else. You may be the high bidder now, who knows? The seller may even reject all offers because none received are high enough.
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Today's Featured Article - Gatherin of the Orange - by Rick Nikolich. In July of 1998 I was talking to fellow Allis Chalmers collector Mike Schilling about the annual "Gathering of The Orange" AC show coming up in August of 1999. He got this wild idea that we should get a convoy of AC tractors and drive them from Charlotte, Michigan 105 miles to LaGrange, Indiana.
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Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
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