Are there Really Multiple Offers?
I can’t tell you how many times I have heard this question. The implication always seems to be “…… or is the Realtor lying?” I am always inclined to believe the Realtor. First off, it would highly unethical for the Realtor to say that there is multiple offers on a property when there are not and secondly, it shouldn’t deter you from doing what you intended to do in the first place: Write your highest and best offer, as if you really wanted to buy the house!
In today’s market, in spite of the bad news you hear all around you, when homes are priced right (or as the REOs are - priced so cheaply) most home buyers know about them being screaming deals. Even the Sac Bee called bank-owned homes the new Gold Rush. So it is not uncommon for there to be multiple offers, sometimes way over asking price.
Believe your Realtor. Or find one you can trust. We’re happy to help!
