Comments on: Are There Really Other Offers Coming in on this Property? http://www.biggerpockets.com/renewsblog/2007/04/28/are-there-really-other-offers-coming-in-on-this-property/ Learn, Network, Invest Sun, 22 Nov 2009 20:12:38 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Baashyam http://www.biggerpockets.com/renewsblog/2007/04/28/are-there-really-other-offers-coming-in-on-this-property/comment-page-1/#comment-49817 Baashyam Thu, 03 May 2007 16:50:43 +0000 http://www.biggerpockets.com/renewsblog/2007/04/28/are-there-really-other-offers-coming-in-on-this-property/#comment-49817 I agree with what "April Shipowick" said above... I would also follow the same -for Sale by Owner- option always. I agree with what “April Shipowick” said above… I would also follow the same -for Sale by Owner- option always.

]]> By: Ladin Ventures http://www.biggerpockets.com/renewsblog/2007/04/28/are-there-really-other-offers-coming-in-on-this-property/comment-page-1/#comment-49811 Ladin Ventures Tue, 01 May 2007 17:06:03 +0000 http://www.biggerpockets.com/renewsblog/2007/04/28/are-there-really-other-offers-coming-in-on-this-property/#comment-49811 Great post! As a real estate broker myself, I see this "technique" used quite often. I've represented multiple buyers and it frustrates me to no end why an agent would do this. It's VERY unethical and should be against the law. I've actually walked away from deals just because of dishonest agents presenting these "phantom offers." You never know what else they have made up! Great post!

As a real estate broker myself, I see this “technique” used quite often. I’ve represented multiple buyers and it frustrates me to no end why an agent would do this. It’s VERY unethical and should be against the law. I’ve actually walked away from deals just because of dishonest agents presenting these “phantom offers.” You never know what else they have made up!

]]> By: Vicki Porter http://www.biggerpockets.com/renewsblog/2007/04/28/are-there-really-other-offers-coming-in-on-this-property/comment-page-1/#comment-49809 Vicki Porter Mon, 30 Apr 2007 16:16:44 +0000 http://www.biggerpockets.com/renewsblog/2007/04/28/are-there-really-other-offers-coming-in-on-this-property/#comment-49809 It is hard to explain, but when selling property I have often had the experience that a listing will receive two offers on the same day – whether it is a new listing or one that has been on the market for awhile. A buyer has to make an offer that is appropriate whether the agent says there is another offer or not, because you can’t really ever know. Even if there were no other offer at the time the buyer submits one, another could come in before acceptance. It is hard to explain, but when selling property I have often had the experience that a listing will receive two offers on the same day – whether it is a new listing or one that has been on the market for awhile. A buyer has to make an offer that is appropriate whether the agent says there is another offer or not, because you can’t really ever know. Even if there were no other offer at the time the buyer submits one, another could come in before acceptance.

]]> By: April Shipowick http://www.biggerpockets.com/renewsblog/2007/04/28/are-there-really-other-offers-coming-in-on-this-property/comment-page-1/#comment-49803 April Shipowick Sun, 29 Apr 2007 20:39:29 +0000 http://www.biggerpockets.com/renewsblog/2007/04/28/are-there-really-other-offers-coming-in-on-this-property/#comment-49803 YOu really cannot believe Real Estate agents. The honest ones are very infrequent. If you have to deal with one though, here are a few tips: Check on their local reputation See if they are known for hard work or "working it". Usually we find they work it, but don't know the meaning of hard work or follow through. See if they will work for 3% instead of 6%. Don't buy from the listing agent. Their loyalty is to the seller not the buyer. I'm sure you can see the point there. We have certainly learned that one the hard way. Always try "for Sale by Owner" first. It can literally save you thousands and even hundereds of thousands of dollars. April Shipowick YOu really cannot believe Real Estate agents. The honest ones are very infrequent. If you have to deal with one though, here are a few tips:
Check on their local reputation

See if they are known for hard work or “working it”. Usually we find they work it, but don’t know the meaning of hard work or follow through.

See if they will work for 3% instead of 6%.

Don’t buy from the listing agent. Their loyalty is to the seller not the buyer. I’m sure you can see the point there. We have certainly learned that one the hard way.

Always try “for Sale by Owner” first. It can literally save you thousands and even hundereds of thousands of dollars.

April Shipowick

]]> By: Colorado Real Estate http://www.biggerpockets.com/renewsblog/2007/04/28/are-there-really-other-offers-coming-in-on-this-property/comment-page-1/#comment-49800 Colorado Real Estate Sat, 28 Apr 2007 21:50:13 +0000 http://www.biggerpockets.com/renewsblog/2007/04/28/are-there-really-other-offers-coming-in-on-this-property/#comment-49800 I Learned this the hard way!!! I Learned this the hard way!!!

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