Question: Can A Listing Agent Tell You About Other Offers?

Can your realtor tell you other offers?

Unless the buyer gives her permission to release their offer to the other buyer, they must keep everything confidential.

Best way to look at the situation is put yourself in the buyer’s position.

A: With your written permission, the Realtor should be able to tell each purchaser about the other offer..

Do estate agents lie about other offers?

When an estate agent markets a home they’re legally obliged to treat both buyers and sellers fairly by following the Code of Practice for Residential Estate Agents. This means they should not lie about offers to any party involved.

Can you ask for proof of another offer on a house?

You can ask for whatever you want but they are free to ignore your request. Just put in your offer see what happens. That other offer may or may not exist. If an agent reveals the actual price of another buyers offer are they allowed to lie about that price?

Can buyers and sellers talk to each other?

As a general rule it certainly is not a good idea for a buyer and seller to talk directly with each other during negotiations. … Good communications between the buyer and seller are important, and that also means that both Realtors need to be good communicators, too.

How do I convince a seller to accept my offer?

11 Ways To Get Your Offer Accepted In A Seller’s MarketYou’re finally ready to take the plunge and put in an offer on your dream house. … Make Your Offer As Clean As Possible. … Avoid Asking For Personal Property. … Write A Personal Letter To The Seller. … Offer Above-Asking. … Put Down A Stronger Earnest Money Deposit (EMD) … Waive The Appraisal Contingency.More items…•

Do you have to disclose multiple offers?

Whether it is legal or not to tell the Buyers how much the competing offers actually are, it may be simply unethical to disclose the contents of competing offers to others. … Instead, ask all Buyers to bring back their best offer.

Do sellers always pick the highest offer?

When it comes to buying a house, the highest offer always gets the house — right? Surprise! The answer is often “no.” Conventional wisdom might suggest that during negotiations, especially in a multiple-offer situation, the buyer who throws the most money at the seller will snag the house.

How much should you offer on a property?

If the home is truly asking for more than what it is worth, then start looking at the price you consider acceptable. While 5% to 10% is often deemed a reasonable discount, some people have offered up to 25% less and seen their offer accepted.

Should I offer less than the asking price?

In a sellers’ market, you would be foolish to offer less than the asking price (if that price reflects the current market value of the home). While in a buyers’ market, you have less to lose by offering below asking price. Even if the seller rejects your initial offer, they will likely come back with a counteroffer.