Offer at property auction

[abbby]

Can one offer a lower price from their property auction asking price? As their opening price is considerably higher than the open market.

[PNGMK]

You can always approach the real estate firm after auction if the property is passed in with no bids.

[abbby]

Noted, thanks!

[PNGMK]

You could also make a pre auction offer - even if below reserve and ask it be presented to the seller prior to auction. Not likely to succeed unless it is close to reserve. I would see how the auction goes and it the starting price is too high then the seller might be more realistic when you present an offer "by private treaty".