I know when my sister bought her home in St Louis (actually St Charles) the "asking price" was the starting price. Prospective buyers made their offers with the asking price as the floor - most 10% to 15% more than asking. Most homes sold the day the open house was held - usually with the seller getting multiple offers of varying amounts and conditions and the "winner" being called later in the afternoon to tell them their offer had been accepted.
In my area (NE Kansas) it never got that crazy. I commented to my wife when we bought our last home "Watch this, as soon as we make an offer we'll hear about someone else making an offer too". Within an hour we got a call back asking us if we'd up our offer because they had a "better" one that came in the same day. I told them we'd withdraw our offer if it would help the seller make his mind up - amazing how quick it was then accepted.
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Today's Featured Article - Product Review: JB Weld - by Staff. JB Weld is basically an epoxy glue that does an exceptionally good job of bonding to cast iron and steel along with several other materials. As I mentioned, it is so common that I have yet to buy a tractor that did not have JB Weld used somewhere. It is sometimes used so well you can't tell its there and other times used as a sloppy quick fix. Finding where and how it can be used correctly is key to whether you are using it as an "inelegant hack" or an integral solution to difficult and expens
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