This is very suspicious behavior. In the past when I'm purchasing a property for my personal portfolio and something is looking this strange, I've just contacted the seller directly to get it ironed out. I've often found the seller was completely in the dark about their agent's behavior.
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We ended up getting the two brokers involved as Mr. Sims suggested, and we refused to reduce our offer. Just got word today that the supposed cash offer fell through and that the seller accepted our offer :)
Thank you all for your valuble advise!
Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
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