Heather Costa, Home Buyer in Rhode Island

Is there any way of seeing how much someone has bid on the house we want to make a bid on??

Asked by Heather Costa, Rhode Island Mon Jul 21, 2008

We are currently 'house shopping'. We found a house we are interested in, but it's alot more money than what we want to spend. The only plus is it's been on the market 145 days, so maybe they'd take a lower bid?! Is there any way of finding out previous bids on this home?

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6
Nicholas Mac…, Agent, Derby, VT
Thu May 26, 2011
You can always ask the listing agent or the agent you are dealing with but the would then have to ask the seller and in most circumstances the seller will hold this information confidential. I always say a low offer is better than no offer!!
Web Reference:  http://www.FarmAndForest.com
0 votes
Debt Free Da…, , 85260
Mon Jul 21, 2008
This simple answer is no. The is confidential information between the buyer and the seller.
Web Reference:  http://GetPrequalified.com
0 votes
Jim Bellville, Agent, Brattleboro, VT
Mon Jul 21, 2008
Curt is absolutely correct. Any previous offer on a property should be kept completely confidential to the point that other agents in the same office should't know the particulars. It helps to protect the seller's interest and it also protects the other agents from any possible ethical questions if they are ever in the position of being a buyer's agent on the same property.

As someone else has already pointed out, having your agent perform a Competitive Market Analysis done with the closed and current listings will help you to frame your offer the best. I suggest using current listings as well so that you can ensure that your offer is within a reasonable range with the properties that are the most direct competition.

Thank you,
Jim
Web Reference:  http://www.jimvtre.com
0 votes
Dallas Texas, Agent, Dallas, TN
Mon Jul 21, 2008
It depends on how the house is marketed HOWEVER 99.99% of the time you will never know. Our real estate clients information is kept confidential.
http://www.lynn911.com http://www.homes-for-sale-dallas.com
Web Reference:  http://www.lynn911.com
0 votes
Maureen Rodr…, Agent, Toms River, NJ
Mon Jul 21, 2008
If the agent is an ethical listing agent they will not disclose the information and they shouldn't. Your best bet is to have your agent run a market analysis of comparable closed sales. That would give you the opportunity to come up with an offer.
0 votes
Curtis Darra…, Agent, Poughkeepsie, NY
Mon Jul 21, 2008
No, agents do not disclose this information becuase it puts their client (the seller) at a disadvantage. If you knew they accepted an offer for much less than what you planned to offer (but the deal fell through). you could offer less and get an even better price. I recommend placing an offer, worst the seller can say is no. Or you could find yourself getting your dream home for a great price. Won't know unless you try. Good luck!
Web Reference:  http://www.CurtDarragh.com
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