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gregpfielding
2012 Mar 14, 6:40am
So it just goes to show that they are still up to there old tricks, of lying to perspective buyers in an effort to up the price.
While it's certainly possible that's what happened, I highly doubt it. It makes no sense... The agent would be far better off having one offer than zero offers because at least they have a chance of getting paid. Believe me, a bird-in-the-hand is worth a lot in this market.
It's more likely that they did get an offer, but it died in negotiation. I've personally represented banks with REOs where they reject an offer one day, then lower the price down to at or even below the offer price a few weeks later.
For what it's worth, agents are far more likely to exaggerate the level of interest, than to lie about the actual number of offers in hand. For example, "there are 3 or 4 parties very seriously considering submitting an offer".
I showed a house yesterday. It was a short sale with a realistic price. The secretary who arranged the appointment told me it was being shown a lot. She squeezed us in. Sure enough, there was another Realtor waiting with her clients on the sidewalk for me and my folks to finish looking. The place went under contract later that day.
Transactions break all the time. A no today doesn't mean a no tomorrow and it looks like this is the case. Go see what's up.
Andy S says
As a side note the property is a piece of shit that needs a total upgrade from the 1997s decor.
So what? Do you still want the house?
Wrong. The agent has a vested interest in selling the property, not upping the price.
You are being WAY to emotional; remember this is a business transaction.
Nomo, talk about a realtor in sheep clothing! Its pretty clear by your comments you have a huge vested interest as a REA.
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http://www.zillow.com/homedetails/26074-Bates-Pl-Stevenson-Ranch-CA-91381/20204093_zpid/
So I go take a look at this house about 2 months ago, the Realtor tells me the asking price is $580K and the bank are firm on the price.
She states they already have an offer of $540K but the bank turned it down (Stupid)
I have an interest in this property, as I bought one in the same road for $496K, even though my realtor stated they had several offers above my offer price. Well that's my offer I told the Realtor "Take it, or leave it" eventually they left it!!
I note that the property is now up for $509K with no takers, the bank should have taken that offer of $540K (If of course it was a real offer) which I doubt.
So it just goes to show that they are still up to their old tricks, of lying to perspective buyers in an effort to up the price.
As a side note the property is a piece of shit that needs a total upgrade from the 1997s decor.
#housing