User:Tex Wiseace/sandbox

Nischbuck - n. a Nischbuck is the dollar added to the asking price to ensure the buyer's offer is accepted when faced with a multiple offer situation. The circumstance is most frequently encountered when purchasing a home but can also occur when making other purchases where multiple buyers are interested in a non-auction, sales environment. Example: The asking price is $359,900 - the buyer offers $359,901 - the one dollar over asking price is the Nischbuck.

History: The Nischbuck was first identified in a 2012 Real Estate Purchase involving John and Sherrie Nischbach and their Realtor Joe Rider, in the Dallas suburb of McKinney, TX. The Nischbachs were faced with a multiple offer situation in which they deisred to be sure their offer was viewed favorably against competing offers. John suggested he was willing to pay a full dollar above the asking price in hopes that their offer was accepted. The tactic proved successful and has been utilized by many since in multiple offer situations.