Post Offer Day - How to validate offers that came in?
So for folks who bought recently, how would you validate that what you have been told by your agents is accurate? On the offer presentation day, after witnessing listing agent completely ignoring the deadline to register the offer, I now have doubts that the information came from the listing agent (that they had offers higher than mine) might not have been truthful. So I contacted RECO with my purchase agreement and I was just amazed at how they replied.
How useful is the information if you do not tell me the price of other offers on the table? Does this mean that the listing agent can pretty much say that they have the higher offer as long as the offer is "registered"? There is simply no way for a buyer to know what the price of other offers after the fact. I am not saying I am resentful about the price I paid but going through the process of purchasing a property today, makes me wonder there are just so many opportunity for anyone to falsify/misrepresent the information that may affect people's lives. (This is my 3rd purchase and me being the only offer on the table for 1st/2nd purchases, yes I was just blown away by this market which I had to remove all my conditions and still had to raise my bid)
Is this something new? Definitely not. Sorry for my rant guys. Greatly appreciate if anyone has tips to find out the other offers that were registered.