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re: Are phantom bids legal (real estate)?
Posted on 8/31/17 at 4:24 am to diat150
Posted on 8/31/17 at 4:24 am to diat150
Agree - drop your price a little bit. Give them a "phantom comp" and say you walked through another property you like better that's a lower price point.
I think realtors believe that making up a fake verbal offer vs a fake written offer is less unethical somehow.
I think realtors believe that making up a fake verbal offer vs a fake written offer is less unethical somehow.
1
Posted on 8/31/17 at 5:08 am to ATLdawg25
I promise they will turn down your lower offer and call back in a week to say the higher offer couldn't get financing and ask you to go to your initial offer.
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