can this be unsubstantiated porky pies?
In my (limited) experience they are telling the truth.
We were looking at a property, the OH and others were convinced there was no other interested party and the alleged offer was made up. We put in a lower offer and said come back to us if the other offer falls through. The "phantom" bidders bought the house! They dropped their offer then to what would have been our max, but at that stage we didn't want to get into a bidding war and knew they had the potential / willingness to offer more.
"There is a lot of interest in this property" = no offer
Why bother making up stories? Decide on what you want to offer, and decide on your upper limit.Make a bid under the asking price and tell EA this is all you've been approved for. Say at a push, you could rally 5K from family. You'll quickly find out if there is interest if EA comes back to ask you for the extra 5K.
Make your offer without any discussion of how you might fund the purchase: that sort of stuff is not the EA's business. Whatever you do, say nothing about having access to further funds - that's inviting the EA to drag the extra bit out of you.
so they offered 200. you offered 175. then you where told they had dropped to 176 and would you be interested in bidding. sounds ghosty.
did they eventaully buy the house for 176? when the register comes out, you can check then.
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