Hi guys,
I was just inspecting a grossly under quoted apartment in Melbourne and the marketing literature says "auction (unless sold prior)" but when asking the agent about prior offers he said he's not taking any and it's definitely going to auction.
He went on to say they have to go to auction because it's a deceased estate and they need to show they are getting a fair market value for the house.
I'm calling BS but I don't know any better. Which is why I am here.
I thought he can't refuse to present any offers to the vendor or is that bad info?
Thanks in advance.
Curtis
I was just inspecting a grossly under quoted apartment in Melbourne and the marketing literature says "auction (unless sold prior)" but when asking the agent about prior offers he said he's not taking any and it's definitely going to auction.
He went on to say they have to go to auction because it's a deceased estate and they need to show they are getting a fair market value for the house.
I'm calling BS but I don't know any better. Which is why I am here.
I thought he can't refuse to present any offers to the vendor or is that bad info?
Thanks in advance.
Curtis