Listing agent may have lied to us about other offers, didn’t give a reason on our rejection
My wife and I put an offer on a bank owned home that would need some extensive rehabbing in the state of Colorado. It’s been on the market for 300+ days. We found a lender willing to lend on it. Through our agent, went sent the offer. A few days later we were told there was 3 other offers and to give them our best offer, which we informed them the original offer was our best offer. Weeks went by and the listing’s asking price dropped another $10k. Our agent inquired and through a “portal” found out our offer was rejected or let to expire. We asked if he could ask why it was rejected, or if they could counter and the listing agent never responded. Now 2 months later the house is under contract.
Aren’t we legally entitled to a reason as to why our offer was rejected? My wife and I suspect the listing agent was lying about other offers, isn’t that at least unethical? I’m unsure what the correct word I want to use, but we feel we were discriminated against, or unfairly not given an opportunity to purchase. Are there any ramifications if the house sells for less than our offer or close to our offer?