Home Buying in Anthem>Question Details

George S, Home Buyer in Anthem, AZ

Proof of competing offer

Asked by George S, Anthem, AZ Wed Feb 17, 2010

I had an offer of $205,000 that was being considered by the bank on a property listed for $225000. Suddenly, at the last moment, the listing agent told my agent that there was another offer of $220000 that the bank was considering. We matched that price and got the property. But now I am wondering what proof is there that this offer really existed and that the listing agent was just not jacking the price up.

Help the community by answering this question:

Answers

202
Question >>> do you have a Buyer's Agent that is assisting and representing you? If so, what did s/he advise you to do?

There are no legal or ethical requirements in place to compel "proof" of other offers.

It is what it is.
0 votes Thank Flag Link Wed Feb 17, 2010
It is not the listing agent be the banks request for all parties submit best and final offer.

Welcome to the world of foreclosures and short sales.

Lynn911
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Wed Feb 17, 2010
1 2 3 4 5
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer