Hampton, NJ asked in Real Estate Law for North Carolina

Q: When the Seller's Agent says that there is another offer on the house (to force you to make a quick decision)...

If our offer is then accepted, can we ask to see the other offer to verify that he was being truthful and not just pulling a fast one to get us to bid above the asking price ? BTW - This property is in North Carolina.

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1 Lawyer Answer
Rachel Lea Hunter
Rachel Lea Hunter
  • Cary, NC
  • Licensed in North Carolina

A: Has the other offer been accepted yet by the seller or not? You do not have a right to see the other offer; that is between the seller and other prospective buyer.

You need to ask yourself how badly do you want this home? Why do you have to submit an offer at all? If you do submit an offer why does it have to be at a bid above the asking price? That is foolish. Is this property the only one left for sale in NC which makes it valuable? If not, there are other properties.

Unless there is something special about this one (location - need to be close to work or school) then I would only submit an offer that you are comfortable with. If the seller/seller's agent is lying then you will be the only offer. If there is another offer then the seller can evaluate your offer and the other offer and decide and if you lose you lose. You will find something else.

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