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.

Related Topics:
1 Lawyer Answer
Rachel Lea Hunter
Rachel Lea Hunter
Answered
  • 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.

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.