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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.
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 days
On Market Date
10-14-2018
Current Status
Expired
Original Price
$1,895,000
List Price
$1,775,000
But in practice they always tell their clients to bid more and they always push “best and final”
Who do these lying ? A-holes think they are fooling (maybe first time buyers who haven’t read Patrick’s Housing Trap book...)
https://www.sfgate.com/realestate/article/How-should-sellers-handle-a-multiple-offer-13842248.php