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Given the main place I'd heard about it was from investment oriented sites where it was suggested as a negotiating tactic , I wasn't sure how widespread it was . I found we never had to use it ,but , we've never bought in a hot market and in those situations the agents seemed happy with any...

While it was often recommended on the forum to submit a signed contract with a deposit attached , we bought 15 IP's in q'land in early 2000's without ever submitting a signed contract as an offer . Always negotiated a price verbally and then signed the contract . Currently we find that the...