Episode Details
Back to EpisodesDishin' Dirt with Gary Pickren on Offer Way Over Ask, But They Have no Intention of Paying That!
Description
The real estate market is on fire. Multiple offers are being made in a matter of hours. Most of the offers are for asking price or higher. Sometimes an offer will be for $50k, $60k, $70k or more over asking. But is this offer legit or fake? Is the buyer trying to "buy" the contract by making the contract contingent on appraisal knowing it will not appraise and they can renegotiate latter. Is this practice legal and ethical? Is this bad practice for the seller and/or buyer. Lisa Harris of eXp joins me to discuss.
Also, in "What Happened While You Were Showing" we answer the question many are asking. Are we headed for a bubble? And of course, Gary's Good News Only!!
Gary
* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your jurisdiction for applicable legal advice germane to your issue.
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Gary
* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area.