Greetings all,
Have a question and would like to see if anyone can shed some information and experience re: tender process.
I'm looking at purchasing a property in Canberra which is currently on the market, unfortunately the property is going for sale via Tender process. I feel that it isn't the most transparent method of selling the property - on the other hand perhaps it's the best option for the vendors (agents advice).
My question is, what are the issues or things that I need to be concerned about (one obviously not paying too much for the property .
I underatand that all tenders need to be received by blah blah blah however I feel that the agent can have a field day with this process. Obviously this process encourageg to get people to "put their best foot forward".
Furthermore, I also feel that I need to be strategic when sumitting offers to the agent.
Anyway, if anyone can shed some light on this topic I would love to hear your thoughts.
Cheers
LK
Have a question and would like to see if anyone can shed some information and experience re: tender process.
I'm looking at purchasing a property in Canberra which is currently on the market, unfortunately the property is going for sale via Tender process. I feel that it isn't the most transparent method of selling the property - on the other hand perhaps it's the best option for the vendors (agents advice).
My question is, what are the issues or things that I need to be concerned about (one obviously not paying too much for the property .
I underatand that all tenders need to be received by blah blah blah however I feel that the agent can have a field day with this process. Obviously this process encourageg to get people to "put their best foot forward".
Furthermore, I also feel that I need to be strategic when sumitting offers to the agent.
Anyway, if anyone can shed some light on this topic I would love to hear your thoughts.
Cheers
LK