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For the first time, Homebuyer recently started to share Reddit with a tedious experience trying to buy a house on the market for 220 days. Their post in the popular R/Realstate Subreddit caused a hot discussion with the answers of home buyers and real estate specialists.
The situation raised the question that many buyers quietly wondered: do agents lie about other offers to force you to increase your price?
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The buyer explained that they made a bid below the price of the list, but still exceeds the three latest comparable sales in the same building. Before submitting, the list agent told them that there were no other suggestions and were not expected.
“We have submitted and they joked until the last morning of our offer,” the buyer wrote. “The agent says, ‘We have received another offer on the weekend,” but we would not provide any information about the offer and they would not refuse our offer. “
According to the buyer, just an hour before the offer has expired at 11 am, the agent said the sellers were making another offer. However, a week later, the house was still active on the market.
“Everyone tells me it was a game,” the buyer said. “Is that really the thing? People actually do it instead of fighting?”
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Many commentators said yes, unfortunately, this happens.
“Yes. They are lying. Not everyone, but certainly some,” wrote one commentator. Another added: “agents are lying all the time to try to get more cash for their main amount and more commission for themselves.”
Others shared their similar experiences. “I just survived the same thing !! The house on the market has been on the market since August last year. I submitted an offer and suddenly he had another offer, asking. I didn’t believe my offer. [Multiple Listing Service]said another. “After a week they returned to them and got the house.