Hi,
Our PPOR is on the market - actually the auction is this weekend. Our agent is putting on some pressure for us to sell prior to auction. As we own a corner block most of the interest has come from developers who are usually reluctant to show their cards. The agent is stating she cannot be certain how many interested parties will be bidding this weekend and we should be seriously considering offers. We have had an offer in writing at a figure which we initially decided would be our bottom figure. The agent has suggested that once we accept an offer she will then approach all other interested parties and try and get them to put in higher offers (without disclosing the origional offer as this is an illegal practice).
What should we do as we are unsure as to the true value of our property!
Thanks
Our PPOR is on the market - actually the auction is this weekend. Our agent is putting on some pressure for us to sell prior to auction. As we own a corner block most of the interest has come from developers who are usually reluctant to show their cards. The agent is stating she cannot be certain how many interested parties will be bidding this weekend and we should be seriously considering offers. We have had an offer in writing at a figure which we initially decided would be our bottom figure. The agent has suggested that once we accept an offer she will then approach all other interested parties and try and get them to put in higher offers (without disclosing the origional offer as this is an illegal practice).
What should we do as we are unsure as to the true value of our property!
Thanks