As a former Realtor, I have seen deals turned down over a $50 difference in the offers! On one, where there were SEVERAL offers within hours of it going in on the MLS, the seller put a BEST AND FINAL with 3 days. The difference on the top two? YUP you guessed it! $50!

I had a buyer for a property that sat right next to her Mothers property, they knew all the parties involved, it was a raw lot on waterfront in a neighborhood that was fully built EXCEPT this lot! The sellers had all the waivers, certificates and so for this lot to be built on. She came in $5000 UNDER the asking price, which was actually pretty low, as the sellers intended to make a bidding war and then pick the best offer and be done. Within hours, the bids coming in over the fax were already $10K OVER ask. I told her come high or stay home, SHE HELD at her original offer. When she lost the bidding process, she ripped up one side and down the other of me, my broker and the listing agent. We all tried to tell her nicely that she was outbid. She gambled and she lost!

She couldn't believe that the sellers were more interested in MONEY, then them playing together as kids back in the day. The sellers were the kids of the owner, who was going into a nursing home and needed the monies to pay for their expensive stay there. When I explained the difference would pay for another 6 months of their nursing home, she replied with "Those kids do not know a good nursing home from a bad one!" To which I said "Well, now they do know the difference between a cardboard box and a cut rate offer!" My sympathy dried up the minute she decided the funds she could access were more important than this families concern for their loved ones resources and care.

You rolled the dice and lost! Next time, make a better offer! And don't play cheap!

The seller is not required to accept your offer, just because it was the first one. Often they will wait to see if other buyers are willing to offer more, before they accept any offer. A bidding war is beneficial to the seller, because buyers are willing to raise the amount they will pay, in order to outbid other buyers. Cash sales are the best as far as a seller goes, because they can be sold without going through all the home inspections that lenders require, and repairs that FHA requires before a place changes hands. Your bother's sexual preferences should not have any bearing on whether an offer is accepted or not. It's all about who is willing to pay the most cash. You got outbid, that's the bottom line. You need to learn about offers and counter-offers. Watch Flip or Flop - that will help.

As you've already been told, the truth is that the seller did not accept your BIL's offer.

Interesting...last time you said he offered 10k below asking. Now it's 7k. I wonder what the story will be next time.

And you still haven't told us if there were any contingencies on your BIL's offer such as inspection contingency. It's very possible the other cash offer had no contingencies which would make it more attractive.

This transaction doesn't even involve you. You aren't the seller, buyer, agent or tenant. It's not your money and it's not your property. You said your BIL (the buyer) is an experienced real estate investor so butt out. There is no "we" that includes you.

The sexual preference of your brother is not a concern in this transaction. How would they know the sexual

orientation of your brother? You are pulling at straws here.

Since you made an all cash offer on the condo, there would be no question of the credit of the buyer, You would not be applying for an approval of a mortgage loan.

You made your offer on Sunday. Do you think you are the only one that would be looking at this condo? Do you think you would be the only one making an offer on this condo?

Apparently your real estate agent did their job, you were informed that your offer was topped. You decided to not make a counter offer and sit on your original offer.

Normally if there was no other offer made on the condo, the seller and the seller's agent would have made a counter offer to your offer. This was not done. A seller would not lose an offer if there was not another in front of them.

If there was not another offer in front of the seller, the seller would have, at the suggestion of their real estate, agent to make a counter offer to your offer. Their real estate agent would not lose a sale based on the fact that your offer was only $7K below the asking price. There is room to negotiate. the seller would have taken this

avenue.

Personally l liked your offer and might have made the same offer. Your offer was a good one. IN this case it was not sufficient. You made a decision to sit on you offer and not counter with another offer. This might be you fault in not making a counter offer.

You are gonna waste you time making an attempt to find out if there was foul play done by your real estate agent of someone in the purchase process.

If you would want to pursue this to find out if there were under handed dealings you might be required to hire an attorney to see if this was the case. This might be a fishing expedition with no end in sight and loss of funds on your part.

You would be better off in seeking a condo or other property to place your mother in. This transaction is dead Your offer was not accepted as there was a better offer made on the condo.

I hope this has been of some benefit to you, good luck.

"FIGHT ON"

Why hasn't it occurred to you that someone viewed the condo on Friday? It is quite possible that there was already a cash offer been made at the asking price BEFORE you even viewed it. They waited for your offer and it was below the asking price so they just rejected it.

No one knows your brother is gay. It matters not anyway.

Cash, also means nothing.

There are 2 scenarios here that could have happened and does happen.

# 1. Your low offer could have insulted the seller.

# 2. The second offer could have come in at the same time. Possibly by another

agent.

Now, the seller has 2 offers in front of him. Which one would you accept?

What do you mean how is that possible? Someone offered more money. Simple.

How would the seller know your brother was gay? In reality, it doesn't matter why. You stick to your offer, you lose the condo, that's fine if that's what you want to do.

I'm confident that if you put your thinking cap on and concentrated really hard you can connect the dots and come up with a reason as to why a seller would accept an offer from someone who was offering MORE money over someone who was offering LESS money.

I don't understand why you think your offer (that was $7K less than asking price) would be accepted when the buyer received a better cash offer. Someone else offered ASKING PRICE so, of course, the seller is going to accept that one over yours. That's a "no brainer."

When you low-ball an offer, you're taking a chance someone will come in with a better offer. If you really wanted the place and it was a good value, you should've let them know you were anxious to negotiate - but then you'd've gotten in a bidding war with the other party, and one of you would've paid over the asking price.