NSR stop making sense. The problem here is that you are dealing with the reality of the situation in a competitive market place. That the bottom line is if there is something out there that you think works for you, ESPECIALLY in as tightly a constrained area as researcher described, then it seems like you should be going after it with guns blazing immediately. If this home is such a steal then it would seem that even at 800k or close to 850k they would have had many many offers. In a situation like that it seems pretty brazen for the agent to shun all those offers in order to take a 720k plus cash to the second offer. There would be a substantially high risk that one of those shunned people would indeed have a well documented offer and then put in a complaint.

Something is not quite adding up here.

Researcher did you call the day it was listed and offer something close to the 850k listing price? Given the neighborhood wouldn’t that listing price at least be considered in the neighborhood of fair value?