Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Do auctions start below asking price?

Options
  • 04-06-2014 7:41pm
    #1
    Gatica
    Registered Users Posts: 3,300 ✭✭✭


    Would love some feedback...

    Just wondering if a house for auction is advertised at set AMV before an auction, do they start at that AMV at the auction? Or slightly below it?

    Can we make a private offer without going to the auction? I'd figure the owners may also save a few bob themselves this way...


Comments

  • Options
    #2
    L1011
    Registered Users Posts: 68,900 ✭✭✭✭L1011


    They'll look for offers starting at an amount below, and going lower till they get a bite.

    Its likely that any offers now will only be accepted as commission bids for the auction; they're likely contracted to auction it - or the owners are a bank or similar who do not want to sell by private treaty anyway.


  • Options
    #3
    Gatica
    Registered Users Posts: 3,300 ✭✭✭Gatica


    Thanks for clarifying. Probably should've looked at and attended auctions before we were intending on buying. Really hate feeling out of the loop like that.


Advertisement