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follow BayArea 2019 May 26, 7:22am
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If I were buying a house today, and my Realtor came back to me with the multiple bid bullshit. I would withdraw my offer and wait and watch that house to see if it came off the market over the next month or so. After two months I would contact the actual owner of the house and inform him that I would have bought the house a month or two ago, but your seller Agent is running a scam and costing your potential buyers.
Multiple offers are the rule, not the exception.
Here's one that recently expired with no buyers:https://app.mytheo.com/properties/e46b32df-12b7-4887-ab87-a1b2de6f6adc
DOM: (Days on Market) 111 daysOn Market Date 10-14-2018Current Status ExpiredOriginal Price $1,895,000List Price $1,775,000