On the phoney offers….a friend of mine wanted to buy a house for $699K. She was concerned about the sale of her house, and if she could pull it off in today’s market. She made a full price offer, and had the inspection done. She was told that right after her offer, someone came in and made a full price cash offer. The agent told her how lucky she was to have put in her offer first. Red flag here. The inspection revealed some deficiencies, she was afraid her present house would not sell for the desired amount, so she decided to hold out, and withdrew her offer.
Well, wouldn’t ya know it….here comes the agent, tells her that the sellers will knock $40K off the price to fix the problems. She asked what happenned to the full price cash offer? Wow, making a full cash offer for a $699K house would suggest to me that someone REALLY wants it, especially since it was less than a week from the inspection to withdrawal of the offer. Seems pretty obvious that the agent was lying.
I really cannot stand the manipulations and scams. Who can you trust these days to be honest?
