So today i went and had a look at an IP i was highly interested in. The property required alot of work, including new kitchen, new bathroom, new laundry, new flooring all round, new gutering, alot of drainage work, exterior needed to be properly rendered - shocking doggy job and the list goes on.....
It was on the market verry undervalued for obvious reasons at 320k. After inspecting it i put an offer in of 310k. I was told a higher offer was made, i then put in offer of 315k, again higher offer made, i then put in 319k - was told at this point my offer was the highest and it would be put to the owners....
I got a call back from the REA saying that another 4th party has since come into play and put an offer in, and i now get one last shot at putting an offer in as do the other interested buyers, the party with the highest offer would get the property. I offered 330k. I got a call back from REA saying that another party had put in a higher offer and i missed out.
Now i am ANGRY!!! For an agent to do this it is illegal! It was an bidding war going on for most of the morning and hence in this situation the house should have gone to auction....
Would you report the agent?
The house had massive potenital, and after renos would have given me an instant high CG, not to mention the FANTASTIC rental return!
Nika.
It was on the market verry undervalued for obvious reasons at 320k. After inspecting it i put an offer in of 310k. I was told a higher offer was made, i then put in offer of 315k, again higher offer made, i then put in 319k - was told at this point my offer was the highest and it would be put to the owners....
I got a call back from the REA saying that another 4th party has since come into play and put an offer in, and i now get one last shot at putting an offer in as do the other interested buyers, the party with the highest offer would get the property. I offered 330k. I got a call back from REA saying that another party had put in a higher offer and i missed out.
Now i am ANGRY!!! For an agent to do this it is illegal! It was an bidding war going on for most of the morning and hence in this situation the house should have gone to auction....
Would you report the agent?
The house had massive potenital, and after renos would have given me an instant high CG, not to mention the FANTASTIC rental return!
Nika.