Hey guys,
I have a question about vendor bids.
There is a situation where a unit was put to auction and I am trying to find out the price it sold for from the information the agent has provided. The agent states that the starting price was 240 - 250K and a vendor bid of 290K was made during the auction. I am now looking at an identical property (being sold by the same auction) and it is being offered for sale (not by auction) for over 305K.
Using such information and keeping in mind the two units are identical, can we deduce or come close to estimating the sold price of the unit put to auction?
Thanks
I have a question about vendor bids.
There is a situation where a unit was put to auction and I am trying to find out the price it sold for from the information the agent has provided. The agent states that the starting price was 240 - 250K and a vendor bid of 290K was made during the auction. I am now looking at an identical property (being sold by the same auction) and it is being offered for sale (not by auction) for over 305K.
Using such information and keeping in mind the two units are identical, can we deduce or come close to estimating the sold price of the unit put to auction?
Thanks