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It would be funny if you said, "Oh? Well I don't want to deprive someone of their dream home. I'll just pull my offer and look for something else to buy..." How much do you want to bet that they'd start stammering like a drunken parrot?
It would be funny if you said, "Oh? Well I don't want to deprive someone of their dream home. I'll just pull my offer and look for something else to buy..." How much do you want to bet that they'd start stammering like a drunken parrot?
Well, there's a time and a place for many ploys.
We just don't have enough inventory for many buyers to be confident that they will easily find something else they like.
Out here we typically use highest and best addenda signed by the sellers, so are y'all saying that sellers are in cahoots with agents?
OP, you can always ask for the call for highest and best to be put in writing and signed by the seller.
Now this I like. And oddly enough, my agent was ready to go verbal on an offer increase. I admit, last week it was 5000 more, and I was going to offer 5000 more, but then Coldwell Banker tried to charge me a junk fee, and I didn't sign, She stated that she would absorb the junk fee, but then several days later, I saw they had lowered the price by 5000. So I offered 5000 less to begin with. I'm trying to get the best price, and get instant equity, but I can also live any city in my budget including some Asian destinations. Can go get a retirement visa tomorrow, as a matter of fact. I am a cash buyer, too, so expect an appropriate discount for that, too.
Two houses we looked at all of a sudden had offers coming in, so if we were interested we should make an offer that day. These houses were not good, one needed a can of gas and a match and the other was just as bad. We were not remotely interested and they are still on the market 30 days later. I told my agent on the one we bought, don't even think about telling us there is another offer.
When we bought our house, it had been on the market 6 months with one price reduction 2 months prior. While we were in the process of submitting a written offer, our agent got word that another offer had just been submitted. So coincidences do happen!
Thankfully, the seller chose to negotiate with us (we were cash buyers, no contingencies except for inspection) and we ended up with the house. So although it is suspicious and frustrating, it does happen!
Sounds highly unlikely to me if it's been on the market for 4.5 months already. Color me skeptical.
Why wouldn't they show you the offer (just with the names blacked out)?
I'd hold firm unless I thought the place was worth a lot more than I offered. I think there is some sort of escalation clause that can be attached, but I don't trust the other realtor to not fake incoming offers.
In NC you can not show a buyer another buyer's offer. The offer belongs to the buyer and can only be shared with the offerer's permission.
You have to make the offer you are comfortable with. If the property is worth it to you, make your best offer. If you don't care if you lose the property - don't.
That's about all you can do... never pay more than you can live with.
If it is not meant to be... so be it.
I've chased a few properties and the only one benefiting was the seller... some with standard listings, others were bank owned and others in probate court.
Only one do I still think about and the seller kept me as backup and I did offer 100k over the accepted offer... just my bad luck on timing...
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Color me skeptical. 
