Hi all,
I am making an offer to buy an IP. The offer was made Friday 21/10. The agent said his agency had the policy of getting vendor Sell/No Sell answer within 24 hours.
I did not hear nor could contact the agent until Monday 24/10 when he said he received another offer higher than mine and asked if I wanted to up-bid. He acknowledeged that he disclosed my offer bid to the other buyer "but not to the last cents".
He explained if I up-bidded, he would take it to the other buyer and ask them for another "best offer".
What position do I have with this agent?
It appears this is the doing of an individual agent only. He works for a reputable REA, one of the largest in Victoria.
Thanks
I am making an offer to buy an IP. The offer was made Friday 21/10. The agent said his agency had the policy of getting vendor Sell/No Sell answer within 24 hours.
I did not hear nor could contact the agent until Monday 24/10 when he said he received another offer higher than mine and asked if I wanted to up-bid. He acknowledeged that he disclosed my offer bid to the other buyer "but not to the last cents".
He explained if I up-bidded, he would take it to the other buyer and ask them for another "best offer".
What position do I have with this agent?
It appears this is the doing of an individual agent only. He works for a reputable REA, one of the largest in Victoria.
Thanks