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I suspect you're doing this anyway, but just in case ;): forget it and move on. What's the point of going after them? You won't be able to get specific performance (ie force them to sell to you, instead), and you probably won't get damages, either. Your energy's best spent looking for another...

That's OK, we all have our share of "bad days" and challenges in this game. Welcome to SS. :) We'll look forward to hearing how you found an even better deal, with development potential or something that you hadn't even counted on getting. :cool:

I hear what you're saying, and you're right, I had misunderstood. It's disappointing, but my point is that perhaps this may not have had the chance to happen if you'd been a little more aggressive. For example... Did you submit a signed offer for $342K before leaving last night? I'm...

I don't think MelInvest is asserting that; I think the point was that as the high bidder at the auction, MelInvest understood they had the right to "negotiate out".

I reckon the agent spent the evening chasing up all the other potential buyers to suss out whether there were any potential better offers out there before accepting MelInvest's bid this morning. I suspect that this "other bidder" surprised him by coming up with a pretty decent offer last night...