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re: Are phantom bids legal (real estate)?

Posted on 8/30/17 at 9:07 pm to
Posted by tom
Baton Rouge
Member since Jun 2007
8170 posts
Posted on 8/30/17 at 9:07 pm to
quote:

We put in an offer today on a house thats been on the market for 5+ months. This evening I get a phone call from our buyers agent stating another person toured the property this evening and gave a "verbal offer" to the listing agent that was higher than ours.

Did the price just get cut?

quote:

is this an accepted real estate practice?

Realtors lie almost as much as politicians.
Posted by NYNolaguy1
Member since May 2011
20952 posts
Posted on 8/30/17 at 9:10 pm to
quote:

Did the price just get cut?


Last price cut was two months ago.
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