Interested in an apartment in the inner eastern suburbs of Melbourne. Auction is in 2 weeks and the price guide is $475K +
Agent has stated the vendor would be willing to sell prior to auction and indicated it would need to be over $500K to move it on.
He explained the strategy would be if an offer was accepted everyone else who attended the opens would be contacted and given to close of business to put an offer in.
Is this a common and fair strategy from the agent?
I think I could pick it up at a price I'd like but not sure if it's better to hold out till auction?
Agent has stated the vendor would be willing to sell prior to auction and indicated it would need to be over $500K to move it on.
He explained the strategy would be if an offer was accepted everyone else who attended the opens would be contacted and given to close of business to put an offer in.
Is this a common and fair strategy from the agent?
I think I could pick it up at a price I'd like but not sure if it's better to hold out till auction?