Reverse offer? How a slow Canada housing market is forcing sellers to get creative

A flood of listings is creating a buyer's market in some Canadian housing markets and forcing some sellers to get creative to land a deal.

In Toronto, where there is a plethora of condos, for example, some sellers are even letting buyers know they’d go lower than asking – in what’s called a “reverse offer.”

[TheDonjuan]

How is this any different than a typical negotiation where a buyer and seller have to work out a price where the transaction would take place?