I went to see a 3 bed semi-d on the outskirts of Cork yesterday. It has an asking price of 370K. It has been on the market for 3-4weeks.
When I met the auctioneer he said that he had no bids. He did indicate that he had a lady who wanted to place a bid but who had not seen the house. He said he would never take a bid from some one who has not the seen the house. Fair enough.
When I got home, I decided that I would like to buy the house and set my limits. I decided to open my bid at 340K and rang the auctioneer. I asked it he had any offers since we met and he indicated no. I told him that I would like to open at 340K and he started tutting at me. It was like someone gave him a glass of sour milk. He then told me that he could not take the offer and that he had already refused a bit of 350K!
Is an auctioneer allowed to refuse an offer like this?
Also, I see a significant slow down in Cork with a alot of houses with for sales sign for an 'usually amount of time' without offers or below guide price.
Interested to hear what you think?
Dan B
When I met the auctioneer he said that he had no bids. He did indicate that he had a lady who wanted to place a bid but who had not seen the house. He said he would never take a bid from some one who has not the seen the house. Fair enough.
When I got home, I decided that I would like to buy the house and set my limits. I decided to open my bid at 340K and rang the auctioneer. I asked it he had any offers since we met and he indicated no. I told him that I would like to open at 340K and he started tutting at me. It was like someone gave him a glass of sour milk. He then told me that he could not take the offer and that he had already refused a bit of 350K!
Is an auctioneer allowed to refuse an offer like this?
Also, I see a significant slow down in Cork with a alot of houses with for sales sign for an 'usually amount of time' without offers or below guide price.
Interested to hear what you think?
Dan B