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Right.. Just come back from the 2nd open house. Not surprisingly, was told by the agent that there were 9 contract issued and 4 offers given over the past week. Already pushing it out to around 1.1M. Looks like it will for sure go to the auction -- as CairnAgent put it: Greed. But this...

Thanks everyone! Ok, a bit more info, the vendors are two elderly parents with the son. (the son's living in the house I believe) the elderlies are moving to a nursing home -- I was told. But of course this info alone does not tell you how keen they are to sell. I will try to dig out...

in general, what's a good timing to give an offer? I am thinking on the first week's probably too soon?-- as so much so early will bring up the "greed" in vendor? Any further suggestions?

Thanks guys.:) Yes, it is a million dollar house...but where it is located, it's quite an average price range. Actually, majority of other houses in the area have been/are being sold (for the past 1 year) at around 900K - 1.3M.. But CairnsAgent, you are right, for the past month...

HELP: buying a house -- need negotiation techniques Hi, folks, would like your thoughts on buying negotiation techniques. Saw a property I liked very much. First open was last weekend & auction in 3 weeks time. I was quoted a price guide of “over 950K”. On the weekend I did heaps of...