Asked by Brian, 92397 • Fri Jan 25, 2013
Lets say 3 friends are real estate investors. One friend wants to buy a $100,000 house for $65,000. There is some indication of motivation from this seller.
Is it illegal if I make an offer for $55,000, and my other friend makes an offer for $48,000 over the course of a few days.
My logic is that 2 well structured "lower" offers with "And or Assigns" leading up to a more reasonable lower offer would encourage a desperate home owner to take the bird in the hand rather than risk any more lower offers.
Is this legal?
Real Estate in Colorado Springs
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