Ever feel like a sheep? Small, fuzzy, and vulnerable to predators?

After receiving a flattering job offer in the Far North, Cow listed her home with long-time friends who also happen to be Real Estate Brokers.

A neighbor who also happens to be a Real Estate Broker, immediately offered on the house.

Her realtors advised Cow to take this offer, which was 15% lower than the appraisal value.

Realtors enumerated the advantages: Buyer was paying most closing costs, offer was not contingent on home inspection, buyer was ready to close within 10 days, buyer was known and wouldn't flake out of the deal, and the market is slow and down right now and Cow should feel lucky to get an offer at all.

So Cow signed.

The next day, Cow talked to a few wise friends including the Appraiser who had set the value of the house. All recommended against taking such a low offer, so quickly, and advised her to pay the financial penalties to back out of the contract rather than get ripped off so badly.

So Cow has just learned a very expensive lesson. Unfortunately Cow is still trying to figure out exactly what she has learned. Maybe when she's done licking her wounds from playing with the big dogs, she'll figure it out.

Moo!