It's very difficult to tell if this additional information is accurate or just a scam. We find that most agents are very willing to pass on this type of information at the time we present an offer. In most cases, we feel the agents are sincerely trying to be helpful.
The problem is that we agents are only as good as our information source....in this case the other buyers. People do change their mind, leaving us in the position of appearing less than truthful.
Your best approach is to present your "best offer" and put the other parties out of your mind.
We have had some of our lower offers accepted over higher priced offers. It's a matter of presenting the offer in a manner that captures the sellers attention:
1. Be pre-approved
2. Offer a small initial deposit followed by a larger secondary deposit after the home inspection
3. Offer a quick closing date (sellers like 30 days)
4. Make it a clean deal with as few contingencies as possible
5. Submit a cover letter with your offer explaining it is not your intent to offend the seller with your low offer but an honest attempt to purchase a home that's value is a true reflection of the current real estate market.
These steps will improve your position with the seller and the best part is it doesn't cost you any additional money....but guaranteed, it will get the attention of the seller. We have been very successful at getting sellers to sell for less with this strategy.
The "Eckler Team"
Michael Saunders & Company