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 - An AC Model M Crawler - by Anthony West. Neil Atkins is a man in his late thirties, a mild and patient character who talks fondly of his farming heritage. He farms around a hundred and fifty acres of arable land, in a village called Southam, located just outside Leamington Spa in Warwickshire. The soil is a rich dark brown and is well looked after. unlike some areas in the midlands it is also fairly flat, broken only by hedgerows and the occasional valley and brook. A copse of wildbreaking silver birch and oak trees surround the top si
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