Building a relationship with my RE agent

[Joe S.]

Hello BP community,

I finally submitted my first offer on a rental property!  It is a one bedroom one bath condo in DC, move in ready, and  furnished. It's a short sale. The condo has been on the market for 310 days and being sold as is. My agent, who is also a RE investor himself, was surprised how well-maintained the unit is. After four days from submitting my offer, my agent got back to me saying that someone had already offered to pay cash and more than the list price.

His response seemed odd to me, why would someone offer cash and pay more than the list price on a property that's been on the market for more than 300 days.

My question is, how can I confirm that this is actually what happened? And is this a legit concern I should have?

I am just a newbie trying to build a relationship with a real estate agent.

[Russell Brazil]

The list price on a short sale means nothing. It is typically set artificially low to bring in interest. Almost any short sale in the a tea is going to have offers over asking regardless of DOM.