The house buying process can be so frustrating. Wouldn’t it be easier if all offers were visible to both parties? As a buyer, you can see what other buyers are willing to pay and how much down payment they are bringing, and see if you’re willing to pay more. I think the seller would benefit from this Ebay-like transparency because it would encourage bidding war and getting the highest price. Buyer’s benefit from having an opportunity to submit additional bids to get their dream house.[/quote]
Totally agree with this. I don’t like the current model where the buyer and seller don’t interact. Personally, I like to deal with the buyers/sellers directly, even if we have agents involved.
The situation above is 100% unethical, IMHO. I would NEVER do business with this person and would discourage anyone else from doing so as well.
