I put a offer on a bank owned home but i am so confused buy the realtor trying to make me put up more money?

I put an offer on a bank owned home i actually gave them the listing price but there still accepting offers. I was told by the realtor that he cant tell me what other people offers are but what i am so confused about is that i called him yesturday morning and he said there are no offers and after i called today after doing the offer yesturday he said there are three other people that already put up offers and so hes saying the bank will contact the people who made offers BY 3 O' CLOCK and ask them if you want to leave your offer the way it is or submit a better one so i am like so confused how fast three offers got put in a couple hours ago and you only could use cash or cashiers check and i am afraid of loosing this house that i want to put up alittle more money but i think the realtor is playing with my mind because im a first time buyer IS THERE ANY KIND OF WAY I CAN PLAY THE WAY HE IS LIKE ASK FOR PROOF OF THE OTHER BIDDERS OR ANYTHING JUST TO GET PASSED THIS MESS THANKS!I put a offer on a bank owned home but i am so confused buy the realtor trying to make me put up more money?
If you don't trust your real estate agent you should find another. There might be other offers that your real estate agent can not discuss with you.



You should not add any additional funds to your offer as it is difficult to get these funds back even if your offer is rejected. Not only that you are losing any potential interest by placing your funds in escrow.



Offers are faxed to the seller's agent even if the seller is a bank, therefore it would not surprise me if offers arrive in a few hours.



I hope this has been of some benefit to you, good luck.



';FIGHT ON';I put a offer on a bank owned home but i am so confused buy the realtor trying to make me put up more money?
I'm assuming that this is a new foreclosure listing.



These types of listing, are intentionally priced low to attract multiple offers. Just becase you offer asking price doesn't mean you'll get it. The listing agent/broker is trying to start a bidding war which would most likely get offers higher than the asking price.



Once they get multiple offer, they will give all the bidders/buyers a chance to put up their highest and best offer.



I doubt if your agent is scamming you. The agents commission wouldn't increase drastically with a few thousand dollars change in the purchase price. Trust me, it's not worth the hassle of nicle and diming you.