It is against our code of ethics to lie about there being other offers if there is not. Learn More, .su-cta {
That's the true answer. They're paying about $6000 per month for an empty property. }
(She asked how high we could go...surprise surprise, guess how much the counter was?) }
People willing to price their properties to the market, and negotiate realistically, can sell properties very quickly due to the fact that comparatively few sellers are competing well for the buyers that are out there. So the owners are high and dry on their own. Sometimes houses are overpriced and people wait until they have been on the market for a certain length of time to make a play. .su-cta-action {
I will call potential interested buyers or past agents that showed a property, once I receive an offer, to try to give them incentive to act quick if interested.. } In which case, good for you. align-items: center;
} This market sucks period, soo tough for buyers.. In short, there was every reason to believe that that we had a clear field, with nobody else making offers. @media screen and (min-width: 992px) {
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It is completely possible that you both put offers in at the same time. I'd post it on a billboard if I had a fast sign installer. It's not like they are expected to furnish any evidence. But we didn't know it at the time, we were 26 and 27 and naive even though I had a gut feeling. flex: 0 0 73%;
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The odds of this RANDOMLY happening aren't zero, but darn close. margin-bottom: 60px;
I have put offers or called to say I was about to place an offer on 3 houses that had been languishing on the market and they each “just had an offer accepted” (although one I am pretty sure had not been actually signed off by the bank yet). Your email address will not be published. If I don't see any evidence that there's a reason for it to suddenly have multiple offers, such as a recent massive drop in the asking price, I find these claims dubious at best. Find recent content on the main index or look in the archives to find all content. By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions. Let me baldly state that I also understand the potential benefits of collusion with your friend the agent from another office. There was no negotiating involved and would get frustrated because I would make offers that she "felt" were too low. It's not illegal for a listing agent to lie about multiple offer situations when there's none but it's certainly unethical. The sellers? .su-cta {
This led to a classic tragedy of the commons. I have lost all those bids, so obviously there were other offers. margin-bottom: 0;
There is no point in attempting to foster discussion if only my own viewpoint is to be permitted. }
I am far more likely to believe there are multiple offers. This page contains a single entry by Dan Melson published on March 29, 2020 7:00 AM. margin-bottom: 60px;
Happens all the time wether you believe it or not. padding: 35px 20px;
However, if the seller wants their agent to try and see if the buyer is serious, then they will ask the agent to tell them either there are multiple offers, an offer above asking, or some other reason to make you think you need to make a hasty decision and believe you'll miss on a good deal. @media screen and (min-width: 992px) {
And for all the properties I've made offers on where the listing agent claimed there were multiple offers, I've never had one of them offer any real evidence.
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