Thanks for all the responses.
I have been looking to buy a single family home in Ashburn's Ashbrook sub-division for the last four years without luck. I have hired a good and honest real estate agent. We wrote seven or eight contracts for short sales and regular sales homes but every time our contract was not accepted.
For one of the short sales, we put contract to buy the home for $517,000 and it was sold for $517,500; the bank put an asking price of $450,000.
For another short sale, we put contract to buy the home for $515,000 and it was sold for $516,000.
I think the bank short sale was approved for $520,000.
There was another regular sale by owner and they were asking 540,000. We went to see the home and liked it and was ready to put a contract for $520,000. We talked to the seller agent and she, the greedy agent, said no away, the home is going to sell for 540,000. So my agent told me not to even put a contract because we were not close to the asking price. And guess what, it was sold for $512,000. I am not kidding. This home is located on Mohave drive so you can check the selling price.
By now my honest and hard working agent is fed up and told me that the honest way of doing business does not exist in America any more. It is very clear that the seller agents was talking to their 'friends' and telling them the insider story and giving them the highest price information. So that their own guys/friends can come up $500 or $1000 more than what we are willing to pay.
If we know that the home we are willing to pay $515,000 is going to sold for $516,00 then why in the world we will not pay $516,000. It clearly means that there is big time price manipulation and if we can have relationship or kickback to seller agent, we will definitely get the home.
No wonder why America is in bad shape today...............
That is the reason that I have no choice to just go directly to the seller agent and make a deal with him. And trust me, a number of my friends who were all fed up went this way and bought their homes recently.
I hope everybody understand what is going on here...........