Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago, 08/17/2015

User Stats

807
Posts
473
Votes
Nat C.
  • Investor
  • Miami, FL
473
Votes |
807
Posts

Am I being screwed over by listing agent?

Nat C.
  • Investor
  • Miami, FL
Posted
I viewed a property for 87K which is a homepath property and has been on the market for over 2 months. I called the listing agent to say I wanted to make an offer of 80K. He said if I could close by end of July he thought it would be accepted as banks were always eager to close properties by the end of the month. I went into their office to sign paperwork 2 days later and spoke to a different agent. She said they now had an offer at 81K so I had to come in higher. I subsequently offered 82K. I made a mistake by calling two days later to see if there was a response from the bank. The person I spoke to said there was no response. 5 minutes later I got a call from the agent I'd met with who said the other buyer offered 87k, so I needed to offer 88k if I wanted it. I said I needed to think overnight and she said no, I needed to confirm immediately. She started saying how I really needed the property so I had to offer 88k and I ended up saying OK. The next day the property went to pending and the day after I received a call from them that I had to go in and sign paperwork with the higher offer price. Who thinks I was screwed over? I know it's illegal to tell a buyer what other offers are on the table and I'm wondering if they used my apparent desperation to drive the price up?

Loading replies...