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Recently, a home buyer recently took over at Reddit to share a disappointing experience while trying to buy an apartment that is on the market for 220 days. Their post in the popular R/Realestate Subreddit has caused a heated discussion with answers to both home buyers and real estate specialists.
The situation raised a question that many buyers were quietly wondering: do the agents lie for having other offers to make you raise their price?
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The buyer explained that they had filed an offer below the price of the ad, but still over three recent comparable sales in the same building. Before submitting, the announcement agent told them that there were no other offers and none were expected.
“We submitted and they brought us to the morning of the last day of our proposal,” the buyer writes. “The agent says,” We have received another offer over the weekend, “but we will not give information about this offer, nor will they refuse our offer.”
According to the buyer, just one hour before the offer expires at 23:00, the agent said the sellers were going with the other offer. But a week later, the Konso was still active in the market.
“Everyone tells me it’s a game,” the buyer said. “Is this really something? People really do this instead of opposing?”
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Many commentators said yes, unfortunately, this happens.
“Yes. They are lying. Not all, but definitely some,” writes one commentator. Another added: “Agents are hiding all the time to try to get more money for their director and more commission for themselves.”
Others shared their own similar experiences. “I just went through the same !! The house has been on the market since last August. I set an offer and suddenly it had another proposal. [Multiple Listing Service]He said another. “A week later, they returned to them and received the house.