It’s a gimmick designed to – Piggington's Econo-Almanac

November 20, 2007 at 10:30 AM #101712

Participant

It’s a gimmick designed to make buyers think they got a good deal.

For example: $1 mil. – $1.2 mil.

In this case, the seller probably would be happy to get an offer at $1 mil. And the buyer might think: “I got a good deal, the seller reduced it by $200k.”