Abe if I were to venture a speculative guess based on no facts but what you presented I would guess the agent is getting both ends of the deal. That is all I could guess at this point. When it closes we will know. Or you could call the brokerage and just poke around a little bit. It does not hurt and let’s see a little bit more fact finding.

Your point about the free market bidding is well taken and understood. I get that. Especially for properties that have something nice to offer.

Again though I don’t see this as a friend of the bank buying the home.