I was theoretically “outbid” on a home but its listing status is still active

A couple of days ago, I put an offer in an a home. My offer was 10% below the listing price because the house had been on the market for almost a month with no action and no other interested buyers. After submitting my offer though, I learned that there was another offer on the house for full asking price. I really liked the house, so I increased my offer a little bit. It was still shy of the listing price, and I was told that the seller had decided to go with the other offer. Now, two days later, the house is still listed as active. There seems to have been no new activity. Was there not really another offer? Is there some other plausible explanation?

submitted by /u/LLVSForever
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A couple of days ago, I put an offer in an a home. My offer was 10% below the listing price because the house had been on the market for almost a month with no action and no other interested buyers. After submitting my offer though, I learned that there was another offer on the house for full asking price. I really liked the house, so I increased my offer a little bit. It was still shy of the listing price, and I was told that the seller had decided to go with the other offer. Now, two days later, the house is still listed as active. There seems to have been no new activity. Was there not really another offer? Is there some other plausible explanation? submitted by /u/LLVSForever [link] [comments]

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