Post Auction Offer

I attended an Auction today where the property was passed in. I didnt have the finance ready and hadnt done my due diligence on the property. After the auction where nobody put in a bid I made an offer on the property subject to pest, building and finance. I was informed by the real estate agency that they couldnt present the offer immediately and had to wait 3 business days before presenting the offer. The property is in Victoria does this sound correct? Or are they going to use my offer to try and stir up some other potential buyers?
 
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