I just made 2 offers on a Fannie Mae property (same property different buyers) where the situation was multiple offers. The agent stated that the asset manager accepted an offer and did not do highest and best. Also, stated that they where in the process of countering with another agent. I made the offer the second day the property was on the market. My queston is does Fannie Mae work that quick with offers and even though the offer was in counter would it not still have gone to highest and best offer?
This agent is also one of those that never feels the need to respond to calls or emails. Not only when you are doing offers but to also see if LB's have been put in place for BPO's. When I questioned why the offer did not go to highest and best I immediately received a phone call and of course the answer above was giving. Just sounds fishey and I think my offers where put in file 13. Am I thinking wrong and could this have happened the way this agent said?
Comments
Good Luck.
2) Not necessarily.
It depends on the asset manager on both counts.