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Forum Real Estate Rule Revision

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On 2/26/2021 at 6:35 PM, Gen. Henry Arnold said:

So if you do case 1, and someone offers a price higher than your set price, what happens? And with case 2, if the bid time ends, are you forced to sell to the highest bidder? What if people just want to see what people will offer for their house, where do they post? Don’t think this forum needs rules for this

In case 1, if someone offers higher, than accept it.

In case 2, sellers are forced to sell to the highest bidder when an auction ends. This is the inherent risk of an auction while also offering the benefit of the overpay.

If people want to see what people will offer on a house, then list it for a set price and mention that you will also consider offers.

Sheriff Rick likes this
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  • 2 weeks later...
Posted (edited)
12 hours ago, Sheriff Rick said:

I'm beginning to think something like this is really needed

Since 2017, the real estate forums have been teenagers trying to get people to overpay for their houses. @Mitch (IFRIT) Get one of your CMs to finally do something and make a rule revision or two.

Edited by Maric
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