So, I've been reading a ton on the key posts and made my first bid yesterday. I used random numbers, didn't dick around and offer was rejected today. Now, I have no clue where to start for second bid.
The house is asking €160k, and just had a sale fall through at€140k according to the EA. The house been on the market for five years and needs a lot of work (two separate homes), so I put in a bid of €118k chancing my arm. I expected some feedback from the EA but there was none. Got the call this morning that the offer was turned down as the owners are looking for something higher.
I'm not sure if I should do the recommended 1k increments, go closer to €120k or €130k or even closer to the 140. Help!
The house is asking €160k, and just had a sale fall through at€140k according to the EA. The house been on the market for five years and needs a lot of work (two separate homes), so I put in a bid of €118k chancing my arm. I expected some feedback from the EA but there was none. Got the call this morning that the offer was turned down as the owners are looking for something higher.
I'm not sure if I should do the recommended 1k increments, go closer to €120k or €130k or even closer to the 140. Help!