Here, for what its worth is my experience.
I bid, the other party bid and so on, from a starting price which represented good value through a full price and onwards. I decided not to think about the price, just keep bidding until I won. After all I did not even know for sure that there was an other party.
Finally my offer was accepted. That was a Thursday. I then took a few days to think, do I want this property at this price, I decided not and called the auctioneer on the following Tuesday, to say that I would not be going ahead with the purchase.
I half expected that the auctioneer would call me back to say that the other party had backed out, was I interested at a previous level, but he did not. The house did not appear on the PSRA site in the following few months. I must check if it has since.
The house did not appear on the PSRA site in the following few months. I must check if it has since.
Does this not make you think that the other bidder might think you were fictional?Here, for what its worth is my experience.
I bid, the other party bid and so on, from a starting price which represented good value through a full price and onwards. I decided not to think about the price, just keep bidding until I won. After all I did not even know for sure that there was an other party.
Finally my offer was accepted. That was a Thursday. I then took a few days to think, do I want this property at this price, I decided not and called the auctioneer on the following Tuesday, to say that I would not be going ahead with the purchase.
I half expected that the auctioneer would call me back to say that the other party had backed out, was I interested at a previous level, but he did not. The house did not appear on the PSRA site in the following few months. I must check if it has since.
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