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Posted: 11/30/2001 6:19:17 AM EDT
I understand that this may be a crazy question to ask but I am mixed up and could use some advice. I recently put my house up for sale and received several offers. I was asking $ 159,900 for the house and the best of six offers I have received is $159,000. the other five offers are within $1000 of the best offer. My question is I told the realtor to counter offer; full price plus half MY closing costs and to tell the interested parties that all offers are almost at maximum. He told me that telling his clents what the other offers are is un-ethical. I do not understand why? How will the other buyers who have qiven me lower offers know what the best offer they are bidding against is? Any help is appreciated!!! NM
Link Posted: 11/30/2001 6:34:42 AM EDT
Originally Posted By LilRhody: He told me that telling his clents what the other offers are is un-ethical. I do not understand why? How will the other buyers who have qiven me lower offers know what the best offer they are bidding against is? Any help is appreciated!!! NM
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Your realtor is right. And in reality, hes acting in your best interest. You have the best posible scenario going in selling real estate - a bidding war. By them NOT knowing what others are bidding, ONE OF THEM who REALLY wants the house is gonna throw out a REAL high number, probably more than you even would have asked for. Be patient, and hang on for the ride. Best, g-man
Link Posted: 11/30/2001 6:39:02 AM EDT
Thank you G-man. Everything happened so fast that I was caught by surprise. The unethical remark stumped me and I was not sure if it was to my detriment or benefit. I feel better now. [bounce] NM
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