Actually I think it’s to get it listed in more searches. So if I have a 400k max, and do a search.. people with houses with a 400-550 range get listed. They are hoping to get 475 and seeing if they can get me to overextend myself and swing it.
Though I don’t think that can happen as much as in the past due to changes in lending guidelines. So it probably is much less effective these day.
