Seller counter offers in California

Google
baskarat

Go to company page Google

baskarat
Aug 2, 2021 16 Comments

Seller claims he has N more offers, and ask you a counter above your original offer (which was already above asking).

Is it possible this is just bs and he has no other offers? Are they required to show any proof of having them? Or is this practice just a way of "-I think I can skin you a bit more..."

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TOP 16 Comments
  • Walmart
    XcHH30

    Go to company page Walmart

    XcHH30
    Itโ€™s common practice. Ur agent should advise u on this. It depends how much u want the house. My seller tried to pull same my agent said we r putting offer on another house next day and we r sure to get that he caved and accepted our original offer. A good buyer agent makes all the difference
    Aug 2, 2021 1
    • Google
      baskarat

      Go to company page Google

      baskarat
      OP
      Yes, that's what I suspected. I know it may be true, but my bet this is bs. I may actually put an offer in another property to be honest. Thanks for your reply, very insightful.
      Aug 2, 2021
  • Roku
    rRxy37

    Go to company page Roku

    rRxy37
    Candidate claims he has N more offers, asks recruiter for more.

    Is it possible heโ€™s bsing?
    Aug 2, 2021 3
  • Apple
    a73f

    Go to company page Apple

    a73f
    You need to have a great buying agent. (They won't charge you, they will take their stake from the seller.)
    Legally the seller can't lie about the offers (if any), but you can't verify that yourself. However if the seller agent lies about the offers, they'll lose their license and so it's very unlikely to do so.
    But if the seller has some offers that seem higher in numbers but have some terms that are not favorable (like contingencies), then they might prefer to take a lower offer and by talking to you this way (i.e. asking for more) they basically want to match their higher offer. This is not uncommon and it's legal, as they're not lying. So it's your agent's job to figure out what's going on.
    Aug 2, 2021 0
  • New
    CTDO36

    New

    CTDO36
    Almost guaranteed that a decent house in a good neighborhood will have multiple offers. Most of them above asking. There is no legal requirement for them to provide you proof. Plus, if you think theyโ€™re bluffing, just resubmit your original bid.
    Aug 2, 2021 0
  • Adobe
    jhftujtt

    Go to company page Adobe

    jhftujtt
    Unfortunately this is very common in bay areaโ€ฆ I sold my house recently and my agent did the same thing to the top bidder saying there are other bidders who have bid higher price. I think buyers should start asking for proof of counter offers just like Google does these days when hiring top talent ๐Ÿ™‚
    Aug 2, 2021 4