It really just depends on the bank selling the asset, some require that no offers are even considered until the asset has been listed for a minimum of 7 days. In this case it may be that the asset manager accepts the first offer at full price and is clean, this is a definite advantage to the listing agent as they can show the property long before the public can but ultimately it is the seller’s choice to accept that first offer and not review others. Maybe poor judgement by the bank by not letting all offers to get in for consideration but just good work by the listing agent getting a full price offer in at listing assignment. Banks require a copy of the MLS listing within 24 hours so agents don’t withhold properties.
