Offer at property auction

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abbby
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Offer at property auction

Post by abbby » Mon, 13 Jul 2020 8:38 pm

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

Post by PNGMK » Tue, 14 Jul 2020 8:23 am

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

Post by abbby » Tue, 14 Jul 2020 10:50 am

Noted, thanks!
The secret of life is honesty and fair dealing. If you can fake that, you've got it made. - Groucho Marx (1890-1977)

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Re: Offer at property auction

Post by PNGMK » Tue, 14 Jul 2020 10:59 am

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".
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!

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