All Topics / Help Needed! / offer ptior to auction

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  • Profile photo of glen.dglen.d
    Member
    @glen.d
    Join Date: 2005
    Post Count: 10

    Hello out there

                       I have made an offer on my first investment property prior to auction which has not been taken up by the owners. I offered i believe a fair price but they want to go to action for that instant sale , no conditions attached (subject to finance ect ). I made my offer site unseen on condition of finance "no problem pre approved" and building and pest report.
                       The property is a deceased estate and in the hands of the family, is there any thing i can do to sweeten the deal without increasing my offer.
                       The property goes to auction on Saturday.

                                                                                many thanks in advance 

                                                                                         Glen
                      

    Profile photo of LinarLinar
    Member
    @linar
    Join Date: 2004
    Post Count: 567

    Hi Glen

    I would think not.  If your offer has been rejected without a counter offer just prior to auction, I would seem that the vendors have their hearts set on going to auction.

    As a last ditch attempt though, your three conditions are building, pest and finance. You could try removing any or all of the conditions (if you are game).

    Cheers

    K

    Profile photo of xpine73xpine73
    Member
    @xpine73
    Join Date: 2008
    Post Count: 23

    Remove finace condition and offer them a sooner settlement date, if they like.

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856

    They, as the bereaved, are out to maximise their inheritance. Going to auction is the fairest way (to them) to achieve the best price on the day.  Taking an offer prior to the auction is not in their best interests. If it fails to sell at auction, make sure that you are the underbidder to ensure you can negotiate a sale on the day.

Viewing 4 posts - 1 through 4 (of 4 total)

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