Considering how to approach a property that is up for auction. Not interested in bidding at auction and want to put in a pre-auction offer with conditions.
Situation:
Auction is about 3 weeks away. House is being sold because of an unhappy divorce situation.
I am thinking of making a reasonable offer with finance, building and pest conditions to be completed within 14 days, all prior to the auction date.
As to the psychology of the sellers:
If they are having an unhappy divorce, I think that they will be very keen to sell, and therefore possibly before auction if the offer/negotiations meet their expectations. (I sensed that one owner didn't have high expectations)
Even if they don't accept my offer pre-auction, and then the auction bids come in lower than said offer, it might encourage them not sell and return to private treaty.
After auction, I swoop in and scoop up the property with the offer they didn't want pre-auction...
How does that sound? Don't usually bother with properties that are going to auction but this one caught my attention. Am I completely off course with my thinking?
Situation:
Auction is about 3 weeks away. House is being sold because of an unhappy divorce situation.
I am thinking of making a reasonable offer with finance, building and pest conditions to be completed within 14 days, all prior to the auction date.
As to the psychology of the sellers:
If they are having an unhappy divorce, I think that they will be very keen to sell, and therefore possibly before auction if the offer/negotiations meet their expectations. (I sensed that one owner didn't have high expectations)
Even if they don't accept my offer pre-auction, and then the auction bids come in lower than said offer, it might encourage them not sell and return to private treaty.
After auction, I swoop in and scoop up the property with the offer they didn't want pre-auction...
How does that sound? Don't usually bother with properties that are going to auction but this one caught my attention. Am I completely off course with my thinking?