Do Real Estate Agents Lie About Other Offers?

Do real estate agents lie about multiple offers?

Those rules and laws would prohibit the real estate agent from lying, but the agent has the ability to market the property to get the seller the best price possible. If the seller has other offers, the listing broker usually will come back to you and ask for your best offer.

Can an agent lie about an offer?

But most of the time, if there’s another offer, there’s probably another offer for real. No one said it was better than yours though… Agents can legally lie about everything and anything that involves the sale event of real property. YOU AS THE SELLER OR BUYER ARE ACCOUNTABLE for EVERYTHING, NOT THEM.

Can estate agents tell you about other offers?

Estate Agents can’t legally tell you how much the other offers were for, but they will usually indicate if they were close to the asking price, which can help to inform your own decision.”

Do real estate agents lie to buyers?

Lies About Having Potential Buyers

Last but certainly not least, another common lie that real estate agents tell sellers is that they have potential buyers for their home. This is a tactic that is used by some real estate agents to help pursued an seller to hire them to sell their home.

Can a seller decline a full price offer?

No. A seller is not bound to accept any offer, even at full price. However, your seller could be in breach of your listing agreement by refusing to accept the full-price offer.

What if a seller won’t budge?

If the seller will not budge on price, you could be out the inspection and appraisal fees with nothing to show for it. Try offering fair market value. Some sellers price their home high hoping to find “the greater fool,” yet they know what the fair market value is and will sell for that if it is offered.