You didn't specify who the seller was or what kind of sale you are dealing with. Is it possible that you offered on a Short Sale property? Was the listed price the price that the OWNER accepted and then the bank countered with a higher price?
If the home you are bidding on is a Short Sale, then yes this scenario is very possible. Until you get a Seller signed Purchase Agreement, verbal agreements and emails mean nothing.
Have your agent run the comps in the neighborhood and see if the home you are offering on is in line with other homes that have sold in the neighborhood.
The bottom line is, are you wlling to see someone else live in that house over $2,500.00 ? It is your decision.If you are financing this over 30 years, it's about $20 more a month, or $13 more a month over 30 years. So for pennies a day are you willing to lose the home? Only you can answer that question. Of course you don't want to pay too much, but with your agent's guidance, you can make an informed decision.
I hope this helps,
We need addtional information. If it's a short sale Haig explained that. Talk to your agent they should be able to explain why this happened.
Karen Paytas, GRI, CMS
Real Living Kee Realty