Hi,
Very new to Somersoft forums. Anyway, I had been for an auction last night to secure my first IP. I was the highest bidder amongst all but the property was passed in with a vendor bid of $500 more.
I then tried negotiating a sale price with the agent (who also happens to be vendor with 1/3 share in the property). I matched the vendor bid and the agent said he would get back to me the next morning and I came home.
Today I called him to find out that the property was "SOLD" to a bidder who had bid less than me. The agent said it was a "genuine" mistake from his side. Instead of calling me, he called the girl with the other bid and signed the contract of sale last night. I find this a bit hard to beleive since I had several conversations with the agent over 2 weeks and he definitely knew me and my number.
Still hard to digest the fact that I was negotiating with him after the auction in his house and he couldn't remember my offer. I really feel cheated and tricked. However, legally although I was the highest bidder, I do NOT have the right to claim the property as my bid was outbid with vendor bid by $500 but needless to say I feel so disappointed as I felt I was getting a very good deal. The agent apologised today and said he can't cancel the contract with the girl now as it is unethical. Bu I guess what he did to me (and his partner with whom he is separating is also unethical)
I know there are many experienced people here on the forum with ideas. Any ideas would be welcome and much appreciated.
Thanks
Very new to Somersoft forums. Anyway, I had been for an auction last night to secure my first IP. I was the highest bidder amongst all but the property was passed in with a vendor bid of $500 more.
I then tried negotiating a sale price with the agent (who also happens to be vendor with 1/3 share in the property). I matched the vendor bid and the agent said he would get back to me the next morning and I came home.
Today I called him to find out that the property was "SOLD" to a bidder who had bid less than me. The agent said it was a "genuine" mistake from his side. Instead of calling me, he called the girl with the other bid and signed the contract of sale last night. I find this a bit hard to beleive since I had several conversations with the agent over 2 weeks and he definitely knew me and my number.
Still hard to digest the fact that I was negotiating with him after the auction in his house and he couldn't remember my offer. I really feel cheated and tricked. However, legally although I was the highest bidder, I do NOT have the right to claim the property as my bid was outbid with vendor bid by $500 but needless to say I feel so disappointed as I felt I was getting a very good deal. The agent apologised today and said he can't cancel the contract with the girl now as it is unethical. Bu I guess what he did to me (and his partner with whom he is separating is also unethical)
I know there are many experienced people here on the forum with ideas. Any ideas would be welcome and much appreciated.
Thanks