How buyers can get noticed.
We are interested in a property which has been set to go to auction shortly.
Over the last week and half the real estate agent has contacted us every second day saying that other parties are making bids.
It started from $1.35M and is now around $1.45M…however, we don’t really know if there are any other parties biding.
It’s like a silent auction with unregistered bidders (which if it was an official auction where registration is required would make it illegal) where you don’t have any idea if there are any other bidders.
Do you have any comments on how to manage this matter?
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