I contacted a realtor to sell my house. First thing she asked was "do you own more than the market value of the house". I said yes. I signed the contract and we agreed on a sale price base on comps. Within 5 days, we received 3 offers. two at full asking price and one offer $30K below asking price. I request that we should submit the full price offer to the bank. She said, that the lower price needs to be submitted first because their offer came a day earlier than the other two. Why can't I decide on what to submit to the bank? Is she following the law by submitting the first offer? or simply doing what she prefers? Can I still replace her?
1 Answer from Attorneys
This scenario sounds very suspicious. The question is did you sign and accept the first offer. You really need to have the paperwork reviewed by counsel.