Hi all
I'm interested in why a real estate agent recently employed the following tactic, if anyone has any idea?...
House due to go to auction this weekend, and the agent wrote to me (and other interested parties) yesterday stating 'the owners have instructed me to get your best and final offer by 5pm today and have made a decision to sell prior to auction.'
I'm guessing they did this as they didn't feel the auction would be successful.
So I put an offer in almost 100k over the price guide, and also said 'please advise me if there is a higher offer.'
The agent wrote back and said - you get one chance to make an offer, you've made it, and there is a higher offer, so you've missed out.
I questioned this approach with the agent, asking why further offers wouldn't be considered as I imagine the vendor would want the highest price possible, however he stuck to his 'one offer per buyer' guns...
Can anyone explain this tactic? Why would a vendor not be interested in a high offer? The agent knew we would sign unconditionally immediately, so it can't be due to time constraints....
Cheers
I'm interested in why a real estate agent recently employed the following tactic, if anyone has any idea?...
House due to go to auction this weekend, and the agent wrote to me (and other interested parties) yesterday stating 'the owners have instructed me to get your best and final offer by 5pm today and have made a decision to sell prior to auction.'
I'm guessing they did this as they didn't feel the auction would be successful.
So I put an offer in almost 100k over the price guide, and also said 'please advise me if there is a higher offer.'
The agent wrote back and said - you get one chance to make an offer, you've made it, and there is a higher offer, so you've missed out.
I questioned this approach with the agent, asking why further offers wouldn't be considered as I imagine the vendor would want the highest price possible, however he stuck to his 'one offer per buyer' guns...
Can anyone explain this tactic? Why would a vendor not be interested in a high offer? The agent knew we would sign unconditionally immediately, so it can't be due to time constraints....
Cheers