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Bill Schwent
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Real estate broker in Santa Fe since 1973. Vietnam veteran with 5 years active duty; Army reservist thereafter. Involved in homeowners association as
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Bill Schwent answered:
Denise,
Interesting situation. I suspect that the seller is a bank and the property is a foreclosure. That would account for some of the requirements the listing broker is providing to your broker. There is nothing wrong with the listing broker telling you what the other offers are as it could be that is what the seller is requiring of him/her. The problem for the listing broker as s/he must do the same for all of the bidders and that becomes very difficult to manage. Buying a foreclosure is a process requiring patience and confidence in the broker you are working with.
Interesting situation. I suspect that the seller is a bank and the property is a foreclosure. That would account for some of the requirements the listing broker is providing to your broker. There is nothing wrong with the listing broker telling you what the other offers are as it could be that is what the seller is requiring of him/her. The problem for the listing broker as s/he must do the same for all of the bidders and that becomes very difficult to manage. Buying a foreclosure is a process requiring patience and confidence in the broker you are working with.
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