Sellers too! My son just bought a condo. He made a cash offer with proof of funds that was declined. He had transferred funds out so that the amount in the account for proof of funds was the same amount as his offer. The realtor said there were several offers over the asking price. I told him to stick to his guns. I think he was going to without my advice anyway. Just 2 days later he got a call. "All of the offers fell through."
Oh offers falling through happens more than you would think. I have had 5 offers in writing on this new listing of mine that have all fallen through for one reason or another, none the fault of the seller. Just yesterday a buyer, who's full price offer was going to be accepted if they could provide an updated prequal letter that matched what their offer was, or at least proof of funds, suddenly became "sick and hospitalized". The guy supposedly works at the bank he was getting mortgage from, so it should have been effortless to provide the info. Pretty sure he was lying and saying he was going to put more down than he really can, or would....He did send his bank statement down showing he had 40k in savings....well he needs 60k for this deal, and thought we would just take his word for it. Not a chance!! 2 years ago with no other offers, maybe, but not in this market.
I hate dealing with all the BS, which is why I don't too much any more.
But yes, sellers lie, Realtors lie, buyers lie, home inspectors lie, even attorneys and banks lie. It is a rat race for sure!!
I think buyers are so pressured right now they throw out these ludacris offers above already inflated prices, waive inspections, and then a week later when they realize how stupid they are being, withdraw their offer.
My friends who just bought a home in New Hampshire and waived all inspections are regretting it bigtime now.