This is exactly why I always welcome a low ball offer on a property I'm listing. If there is any other offers subsequent it normally nets the seller a Highest and Best offer that is way higher than needed. Would I lie and say I have another frivolous offer? No, if I got caught.... I understand the sellers side of the equation. If I was bidding and smelled a snake I'd be pissed. False demand and TV ratings at my expense. I guess it's a practice that is accepted by most or they wouldn't show up and bid. At the end of the day, if you're happy with the price you paid then then that's all that really matters. If you have my prick is bigger than yours syndrom, then it just cost you some change.
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Todd
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