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#278046 - 02/25/09 12:24 PM Re: Finding out the number of contract offers on a foreclosure [Re: Bigtoe]
Mark Brian Offline
Member

Registered: 11/08/07
Posts: 452
Loc: South Carolina
There is a movement for more transparency in the offer process by buyers, but how can this be acheived without hurting the seller?

I would think the listing agents would never say there are other offers or highest and best unless there are other offers on the table. It is more likely they will lose a sale than make a few more dollars by telling a lie.
_________________________
Mark Brian Silver Star Real Estate LLC
Anderson South Carolina
Upstate South Carolina Real Estate

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#285896 - 04/12/09 07:14 PM Re: Finding out the number of contract offers on a foreclosure [Re: Bigtoe]
LizL Offline
Major Contributor

Registered: 08/27/05
Posts: 1620
Loc: Missouri
Bigtoe, it would be against the agency contracts in most states!
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REALTORŪ, Broker/Salesperson, GRI, ABR
REO listing/selling since 2004; BPOs

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#285950 - 04/13/09 09:13 AM Re: Finding out the number of contract offers on a foreclosure [Re: kvp118]
Alan From Florida Offline
Veteran Member

Registered: 05/10/05
Posts: 906
Loc: Tampa Bay Florida
Originally Posted By: kvp118
It seems the practice of withholding the other bidder amount is unethical. There have to be some legalities around that.


To do that it would become an auction. As well as unless you have the permission from all parties most states do not allow it.
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Alan Plager E-Pro
Prudential Tropical Realty
Over 2500 Units Sold
Please click here to request my list of reo and or investment properties

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