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Can real estate agents lie about the amount of offers on a property?

Posted on Thursday 12 February 2009

Michelle P asked:


Alright, we just put in an offer of full asking price today the first. However we were told there was an offer already in before the 29th, then on the 29th the list price dropped. Now there is a total of three offers including ours. My question is would a real estate agent lie about amount of offers placed on a property or could the first offer have been so low that the bank lowered the price to get more interest? The property has been on the market about 110 days and nothing, but now three offers? what do you guys think?
Happy New Year!!
Oh this is a bank owned property, don’t know if that makes a difference

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