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Being told that there is another offer on a house may reshape the buyers’ perspective of the property. They may walk away to avoid a bidding war, or increase the offer price and remove the condition to put themself in an unfavorable position. Some buyers may raise concerns about the ethics of the listing agent to invent a phantom offer or even a cooked offer.
But in the real world, everything could happen. This fake offer would not be an exception and the real estate agent can lie about other offers.
I The scenarios help you make a pre-judgment
II Ask your realtor to talk with the listing brokerage and listing realtor directly for written proof if there are no online notifications.
III An experienced realtor would probe and read between the lines and have a higher chance of finding out if something unusual or fishy during the discussion with the listing realtor
IV Insert a condition in your offer that the condition is based on the existence of another offer with, if available, listing the salesperson and brokerage name of that offer. However, if you are really into a bidding war, any additional conditions may put you in an unfavorable situation.