"The agent told my cousin she would try to squeeze the people that made the first offer by telling them there was another offer “out there”. The implication was clear, it must have been higher."

Here’s a story of buyers who probably paid at least $30,000 more for a Yaletown condo than was  necessary to seal the deal. -vreaa

From Cynic at vancouvercondo.info 10 Jan 2010 9:46 pm -

“My cousin recently listed her apartment in Yaletown (Marinaside) for $739,000. She was offered $710,00 the first day and decided to think about it when the agent called with another offer, but only $685,000 this time. The agent told my cousin she would try to squeeze the people that made the first offer by telling them there was another offer “out there”. Of course, agents can’t divulge the offer but the implication was clear, it must have been higher. Long story short, the first buyers offered $740,000 and my cousin had a sale. She stills feel somewhat sleazy about it but, hey, that’s Vancouver.”