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A commission in the hand is worth two in the bush...but a purchase agreement submitted by a potential buyer can have a time limit attached to it. If the seller wants to wait around, they may lose out of the initial offer, which is (most) often the best offer.

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> which is (most) often the best offer.

I assume there is deep research on this factoid from the non-realtor community, because then the right thing to do is use the MLS API to be first and submit a lowball offer with a one-day fuse.

But I gotta tell you: It sounds like the standard realtor spiel, and it works on people with little experience in buying/selling things with large asset values (like companies or houses).

Realtors get around this by giving you an offer review date: "we're looking at offers this Monday". It induces all the offers to come out of the woodwork and encourages bidding wars.

empirically false.

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