Can Realtors disclose offers?

Can Realtors disclose offers?

Most real estate agents don’t disclose offers to other buyers. Legally, agents in NSW are allowed to disclose current offers to any other potential buyers. Agents are required to inform the seller of all offers made to purchase the property, but there is no law to prohibit the disclosure of offers to potential buyers.

Can you outbid a pending offer?

Sale pending (or “offer pending”) simply means that a buyer has submitted an offer and the seller has accepted it. In other words, this isn’t the sort of situation where you can simply opt to outbid all the other buyers – it’s already past that point.

Can a listing agent write an offer for a buyer?

Yes, that’s allowed. The situation you’re referring to is called transaction brokerage. Transaction brokerage is a service option when your real estate professional represents a buyer client interested in purchasing the property in which you are the seller client.

Can I make an offer on a house that already has an offer?

You can make an offer on a house that already has an offer, provided the executed contract has not been signed. You can also have an offer accepted in this situation, or ask the seller if they could put your on their back up list.

What comes first pending or contingent?

If all goes well, contingent deals will advance to a pending state. Pending deals are, quite simply, when a property is marked as pending and an offer has been accepted by the seller.

Is pending or contingent better?

A property listed as contingent means the seller has accepted an offer, but they’ve chosen to keep the listing active in case certain contingencies aren’t met by the prospective buyer. If a property is pending, the provisions on a contingent property were successfully met and the sale is being processed.

Do Realtors make up fake offers?

In conclusion, yes, real estate agents can lie about offers. However, it is more likely they are using vague “sales speak” or being upfront about a specific proposal. It is up to you to discover which, retain control over your purchasing and to act in your own best interests.

Do sellers always take highest offer?

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. In reality, however, it doesn’t always end up that way.

Why do estate agents have a bad reputation?

Estate agents should be professional salespeople who serve a valuable and useful function to the public. They work long hours in an extremely fast-paced, stress-filled and pressured environment, and even when they do an excellent job, they tend to have more disappointed customers than most industries.

Can I buy a sale pending House?

Buying a home with a pending sale is difficult – but not impossible. First, let’s go over what a pending sale means. Pending simply means that a buyer submitted an offer and the seller accepted. The buyer will need to cancel the sale first before the seller can consider your offer.

What’s the best way to find comparable home sales?

Sellers have two options for finding comps: hire an agent to guide them through the research and pricing process or find comps on their own. Here is how the process works for both options. The local MLS is usually the best source of comparable home sales, because the information tends to be the most accurate.

How to find a realtor in Toronto Ontario?

Contact your REALTOR® and explore listing details for options to view properties virtually. #LPH04 -1910 LAKE SHORE BLVD W, Toronto, Ontario Use our home price trends to better gauge local market conditions and plan your next move. The graphs below show benchmark or average prices of homes sold in the area.

How to find the best real estate comps for your home?

Tips when looking for the best real estate comps. 1 Only use sold homes. Ignore homes that are currently for sale or pending. Why? Sellers can overprice the home and then end up settling for much lower. 2 Pay attention to the type of home. 3 Look closely at photos. 4 Read the listing description. 5 See it in person. More items

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