Under ordinary contract law, once the seller accepts your "last and best", they should be locked in. But what will probably happen is they will condition their acceptance on being able to entertain higher offers until closing. Are you outraged by that? Fine, they'll say, we'll sell it to someone else. So if you want the place, you've gotta hang in there, because they hold all the cards and set the rules.
The good news is, if you win last and best, they'll know they've got a live one, and I can just about guarantee that if any better offers come in, you will be given an opportunity to beat it. They're "all about the money", and until you eliminate yourself from the bidding, they won't know how much further you will go, an will not want to lose you.
And what's to stop them from sending in a straw man to make that better offer? That might happen with a private seller, but a bank has too much to lose (lawsuits, fraud charges, regulators becoming apoplectic, etc.) to risk it over a few grand more. After all, in the final analysis, its not their money!
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
