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Buying or Selling a Home/viewing other contracts
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Question
I was wondering if you could tell me if it is possible to see all submitted contracts on a home after you have won the bid and closed on the house? The reason I'm asking is because I recently put an offer in on a forclosed home and even though the house has been on the market for months and no one has put an offer in, as soon as I put mine in they say they have 3 contracts and I need to resubmit with a higher number. Usually I wouldn't think anything of this, however this isn't the first time. It's the second time it's happened to me and it also happened to my sister. I would just like to protect myself from being ripped off by either the bank that owns the property or my real estate agent, which is why I would like to see other contracts to verify that others were actually bidding or if someone is just trying to fatten their bank account. Thank you for any help you can provide.
Good question, believe it or not this happens all the time, a property can sit with no activity for a long time. The time you think it is good to make an offer, offers come out of the wood work. It has happened to me many times. The other agent has no reason or right to show you other offers.The other offers are VERY PRIVATE, and agent better keep it that way. If you have the winning offer who cares, you now are in the drivers seat. I would move on and close the property, and if you question your agent, find a new agent.
As REALTORS we fall under careful ethics and standards. I hope this helps and answers your question. Good luck.
Marvin
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Marvin G. Bobbitt, III
Expertise
Can answer questions about Real Estate in North Carolina. Professional Real Estate Broker,REALTOR Residential Real Estate,Professional Advising,Commercial Real Estate, Estates, Issues regarding real estate and the County Tax system,Bank owned properties, REO/Foreclosures and Investment properties,New homes & re-sale home sales,Management of Investment properties,1031 tax deferred exchanges, Profit enhancement within investments,Investment property advisor,North Carolina agency and required forms and disclosure.
Experience
Have 20+ years Professional experience.Experianced in property estates and real estate transactions primarly in the Durham,RTP,North Carolina area.Residential Real Estate, Professional Advising,Commercial Real Estate, Estates, My experience covers a vast range of real estate services.Due to my personal training by Frank Ward for over 20+ years everyday.In residential,commercial,sales and leases, I have had the opportunity to work and learn with some of the best in the business. Estates have become a specialty to me, including the personal property side of things and how to handle things and what to do with what you got.Hire me and forget about it..
Organizations
Active Member of the Durham Association of REALTORS.
Past BOD for Durham Regional Association of REALTORS.
Active Member of North Carolina Association of REALTORS.
Active Member of the National Association of REALTORS.
Active Member of Triangle Multiple Listing Service.
Past member Durham Jaycees, Durham Sales and Marketing and Durham Rotary Club.
Publications
Durham Herald
Education/Credentials
Graduate; Durham Public Schools
Graduate; North Carolina Central University.
Appointed; Real Property sale Commissioner/ Durham County N.C Clerk Of Superior Court 2010, Honorable
Archie L.Smith, III, Durham County NC.
Completion of the following North Carolina Real Estate Courses.
North Carolina Real Estate School Fundamentals.
North Carolina Real Estate Broker Classes.
Completes Continuing Education classes annually as directed by the State of North Carolina Real Estate Commission.
Completion of the following North Carolina Appraisal Courses.
R-1 Real Estate Appraisal.
R-2 Valuation & Principles & Procedures.
R-3 Applied Residential Property Valuation.
G-1 Income Property Appraisal & Valuation.
Completion of Notary Public Classes for the State Of North Carolina.
Active Notary Public for Durham City/County, North Carolina. Active until; 06/16/2015
Awards and Honors
20+ YEARS EVERYDAY PERSONAL TRAINING BY;FRANK WARD.
Appointed; Real Property sale Commissioner/ Durham County N.C Clerk Of Superior Court 2010, Honorable
Archie L.Smith, III, Durham County NC.
Past/Present Clients
Given upon request
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