I know when my sister bought her home in St Louis (actually St Charles) the "asking price" was the starting price. Prospective buyers made their offers with the asking price as the floor - most 10% to 15% more than asking. Most homes sold the day the open house was held - usually with the seller getting multiple offers of varying amounts and conditions and the "winner" being called later in the afternoon to tell them their offer had been accepted.
In my area (NE Kansas) it never got that crazy. I commented to my wife when we bought our last home "Watch this, as soon as we make an offer we'll hear about someone else making an offer too". Within an hour we got a call back asking us if we'd up our offer because they had a "better" one that came in the same day. I told them we'd withdraw our offer if it would help the seller make his mind up - amazing how quick it was then accepted.
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Today's Featured Article - Tractor Profile: Allis-Chalmers Model G - by Staff. The first Allis-Chalmers Model G was produced in 1948 in Gasden, Alabama, and was designed for vegetable gardeners, small farms and landscape businesses. It is a small compact tractor that came with a complete line of implements especially tailored for its unique design. It featured a rear-mounted Continental N62 four-cylinder engine with a 2-3/8 x 3-1/2 inch bore and stroke. The rear-mounted engine provided traction for the rear wheels while at the same time gave the tractor operator a gre
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