Do EAs lie about other offers?

anselld

Maddy.Leghari wrote: »

Sorry could you advise please..... Thanks

Cancel valuation.
Start looking at other places.

You have been gazumped. Agents do lie about other offers, but during negotiation, not a week after offer acceptance.

Bluebirdman_of_Alcathays

Until contracts have been exchanged nothing is certain, and any dirty tricks are game.

kilby_007

I've caught EAs out before, but the majority of the time in my experience they have been truthful about other offers. The lies start coming out when you get both stubborn vendors and buyers who won't meet in the middle so the EA has to try and get the buyer into a panic about losing the property to another buyer so they'll offer the asking price. If you can catch another EA at the same company and get them talking without asking directly you can often get very telling information. Sometimes when there is another offer on the table lower than yours they will just say "the vendor is considering another offer" which isn't a lie, but then they'll often cross the line between truth and fiction saying things like "the other buyer's offer is very close to the asking price" when in fact it's lower than yours. It's not an outright lie but it's very crafty wording.