During the negotiation stage for a home between buyer and seller, it eventually boils down to the buyer submitting a counter offer to the seller and saying that this counter offer is their "best and final" offer.
What they are telling the seller is that they either take their deal based on the terms of that last counter offer, or leave it.
Often, the seller leaves it.
But guess what?!
The buyer, a week, later gets back in and starts up the negotiations again, this time going higher in price than where their "best and final" offer was at.
Sometimes there is still some wiggle room when the buyer wants to be firm and say that they are no longer going up in price.
Caution, it doesn't always work out this way.
As a seller, are you willing to take that risk?
If the buyer really meant "best and final" you could be out of a deal.
