Frostburg, MD asked in Real Estate Law for Maryland

Q: Hello

Hey I have question, about year ago we made an offer on a house it was listed 80k and we made offer of 90k and Realestate agent told us someone offered 95k and their offer was accepted it was sealed offers, and we could not buy it, I just came across with that house again it says sold for 80 on public records , which mean realtor lied to us even if we had higher bid we could get it, just wondering if it’s is legal to do that?

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2 Lawyer Answers
Mark Oakley
Mark Oakley
Answered
  • Rockville, MD
  • Licensed in Maryland

A: You will likley need to contact the seller, and find out if they knew of your offer, and why it was not accepted. Difficult to answer without more information.

Cedulie Renee Laumann
Cedulie Renee Laumann
Answered
  • Crownsville, MD
  • Licensed in Maryland

A: The initial contract price is not always the final sale price. While it is possible your agent lied, it is also possible that the Seller in fact accepted a higher offer and either the appraisal or an inspection caused a re-negotiation of the price before it got to sale. Because contracts, inspections, appraisals and other negotiations between a buyer and seller are not a matter of public record it may not be possible to know just by looking at the final sales price.

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