Hi, wonder what others think about this.
Bidding on a house, bidding is around fair(arguably over) market price now at 170k, most likely myself and one other bidder left.
The estate agent is insisting 2500 euro increments on bidding, I'm happy to bid against the other person but didn't think the EA could dictate what bid I'm allowed offer.
I asked was he not obliged to pass my offer onto the vendor and he said he was voiding my offer and the vendor takes his advice, its +2500 or nothing(and he usually only deals in 5k increments)
I have plenty of room to increase my bid but the way he's doing business seemed a bit off too me. PSRA advised lodging a complaint, but that would take months.
Bidding on a house, bidding is around fair(arguably over) market price now at 170k, most likely myself and one other bidder left.
The estate agent is insisting 2500 euro increments on bidding, I'm happy to bid against the other person but didn't think the EA could dictate what bid I'm allowed offer.
I asked was he not obliged to pass my offer onto the vendor and he said he was voiding my offer and the vendor takes his advice, its +2500 or nothing(and he usually only deals in 5k increments)
I have plenty of room to increase my bid but the way he's doing business seemed a bit off too me. PSRA advised lodging a complaint, but that would take months.