Hi all,
I went to an OFI today and really liked the property.
The advert did not say a price range or expressions of interest nor did it say offers above etc. it simply advertised the property as "private sale" with a price of 500k.
I advised that I would like to purchase the property that moment and had the deposit ready, however I was advised by the agent that he was just getting interested parties to place offers and would give them to the vendor to decide. He then said that he was going to receive offers and then arrange a board room auction for interested parties.
Just putting it out there, is this even legal or has any one experienced anything like this before? It seems awfully dodgy and wasted plenty of people's time if this is the case.
Cheers.
I went to an OFI today and really liked the property.
The advert did not say a price range or expressions of interest nor did it say offers above etc. it simply advertised the property as "private sale" with a price of 500k.
I advised that I would like to purchase the property that moment and had the deposit ready, however I was advised by the agent that he was just getting interested parties to place offers and would give them to the vendor to decide. He then said that he was going to receive offers and then arrange a board room auction for interested parties.
Just putting it out there, is this even legal or has any one experienced anything like this before? It seems awfully dodgy and wasted plenty of people's time if this is the case.
Cheers.