When would you consider making an offer prior to auction?
A lot of houses seem to sell before auction in the area we are looking at.
My thoughts on that though is that it equals showing your hand way too early in the process; and give the vendor a reason to increase their reserve price.
Is a better strategy to have a B&P inspection, have the contract reviewed so that the REA will contact you if someone else makes an offer; and you are in a position to counter the offer?
Would the REA accept an offer without contacting other interested parties?
Thanks in advance for the advice.
A lot of houses seem to sell before auction in the area we are looking at.
My thoughts on that though is that it equals showing your hand way too early in the process; and give the vendor a reason to increase their reserve price.
Is a better strategy to have a B&P inspection, have the contract reviewed so that the REA will contact you if someone else makes an offer; and you are in a position to counter the offer?
Would the REA accept an offer without contacting other interested parties?
Thanks in advance for the advice.