Updated over 8 years ago on . Most recent reply
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Ethics Question: Do you "say" there are other offers?
#1 Questions About BiggerPockets & Official Site Announcements Contributor
- BiggerPockets Money Podcast Host
- Longmont, CO
This question comes out of frustration over the seemingly ubiquitous "We've received another offer, please give highest and best."
I live in a hot market, and it seems whenever I call about a property, there's always "another offer."
As a listing agent, it is my duty to get the best deal for my client, but it seems like sometimes the other agent doesn't actually have another offer.
Your thoughts?
Most Popular Reply
#5 Wholesaling Contributor
- Real Estate Broker
- Naples, FL
I have a friend that owns over 600 SFR and is one of the most successful I know. When he is taking offers, he tells the potential buyers "we will be evaluating all offers after 5PM" or something to that effect. So he is not stating he has other offers, but the people making an offer may believe so. Tricky but honest wording IMO.