Realtor Bait & Switch ?

[Engelbert Devera]

I made an offer today on a property that’s been sitting for some time now. The seller’s realtor made a counter offer and I accepted.

My realtor was about to send the contract with the amended price that I agreed to which is the seller’s asking counter offer.

Just a few hours into it the seller’s realtor texted my realtor saying there’s another offer coming in tomorrow.

REALLY?! Isn’t this a huge co-incidence that someone is making another offer tomorrow after a few hours of me accepting their counter offer? Smells fishy to me. I’m tempted to pull out my offer and say they can have it ! What would you guys do? This is my 1st flip.

[Russell Brazil]

Too many amateurs giving you bad advice.

How does waiting til they look at the other offer hurt you other than the possibility of you losing the deal? Pulling your offer does the same thing. Why would you shoot yourself in the foot?

Therea no coincidence here. This is how real estate works. Offer comes in, listing agent sends mass email to every one that looked at the property, 2nd or 3rd offer comes in. Standard operating procedure. I just had a property listed, week 7 on the market I get an offer, and I was able to turn that into 4 offers in s 24 hour period.