Reply to Bidding on House with Multiple Offers?

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[quote=Anonymous][quote=Anonymous]And are you saying you offered $5K above list without an escalation clause?  If you did, you overpaid.[/quote]

Hahahaha. Boy, people on this forum are such assholes. No, we didn't overpay. We just beat the other offers. And we got some money back in lieu of commission to our own agent. If you mean that we overpaid because we may have offered more than $1 more than the next highest offer, you're probably right. But I'm not really that concerned when we're talking about 0.5% of the purchase price or less.

[quote=Anonymous]And if you don't have anyone representing you AND you paid the $5K without escalation, you have just told the seller's agent that you are naive and an easy mark for being taken advantage of.[/quote]

[quote=Anonymous]There could be other reasons besides more money for the agent. There could be issues with the property that she knew she could slide by you.[/quote]

Are people not aware that just as the code requires agents to represent their clients' best interests, it also requires them to be fair and honest in their dealings with the public? In other words, if you believe you can trust an agent who is representing you to fully represent your bests interest, then you should also believe that one would not be downright dishonest with you. Because both of an agent fails on either of those points, she could lose her license (or worse).[/quote]

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