Secrets Revealed: What Your Real Estate Agent Can and Cannot Disclose About Other Buyers' Offers

If you are a prospective buyer in today's highly competitive real estate market, it is more critical than ever for you to have a basic knowledge of what your agent can and cannot disclose about other buyers' offers. Legally, your agent is allowed to tell you whether the offer is accepted or not. However, your agent is NOT allowed to disclose any specific terms of the other buyers' offers, such as the accepted price or included contingencies.

The most commonly asked question about a property with an offer on it is, 'Is the offer accepted?'

If the offer has not been accepted, be certain to present your highest and best offer. This may be your only chance to compete among multiple offers for the same property.

If the offer has been accepted, there is still an option available to you! Your agent can submit what is known as a secondary offer. What this means is that if things do not work out with the current primary offer, you have the potential to become the new primary buyer! Our agents at Castle Rock Realty are well-versed in the specific language necessary to ensure your offer's secondary placement.

To increase your chances of hearing those words every buyer wants to hear, 'Your offer has been accepted!', contact one of our agents today, and they will draft an offer that surpasses the competition!