Multiple Offer Situation

[Roshan Khatri]

Hi,

I had my eyes on an apartment in a multi-unit apartment building since it make in the market more than one half years ago.

It has been in the market since, 2 agents down and price reduction 7 times I felt it’s finally the time to approach and make an offer.

I didn’t not have an agent so I agreed to use their agent as a dual agent and she told me she won’t take any offers to the seller unless the buyer is serious and has it in written. So I agree and sign all the documents and send it Friday by noon.

BUT, after about 3 hours, I get an email from her about the multiple offer situation and how surprised she is. It always happens like this. So the seller has told her only to bring the highest and the best offer.

So the “dual agent” is asking me if I want to reconsider my offer price??

What I am surprised is what are the odds that the second offer happened the same day I make mine after a year and half.

If she is my agent too , doesn’t she have more responsibilities than that?

I did make a lowball cash offer, 10%less of listing .