Repo-ed wrote:I do not know enough about home buying, but how do you know there are multiple offers?
How is anyone for sure that there is not some sort of sick conspiracy between the two agents? I've lied to many of customer to increase my commission pay-out, and that was for funny-money. When you start talking about $200k - that's a lot of commission to be gained.
You don't. But you can have a general idea of what the market is like and make your own assessment of whether you think it is BS or not. Also, depending on the agents involved, some of them have worked with each other before and have a sense of the other agents' ethics.
Starting Score: ~500 (12/01/2008)