Agent (auctioneer) selling own home – tactics? VIC

Discussion in 'The Buying & Selling Process' started by samh25, 20th Sep, 2021.

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  1. samh25

    samh25 New Member

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    Hey there, looking for advice on this situation/if it changes anything. Contract isn't available yet, but through some quick online DD, I've discovered that vendor = agent (not disclosed to us – know there's no legal requirement).

    The property is scheduled to go to auction in 3 weeks time. In terms of pre-auction offers, is there any use doing this? Obviously there's no vendor to negotiate through, but assume an auctioneer would probably prefer to auction his own home given the current ridiculous market!?

    Quoted range is 1.25–1.3 and can probably offer up to 1.55.

    What would you do in our shoes? Wait til auction?
     
    samh25, 20th Sep, 2021
    #1
  2. wylie

    wylie Moderator Staff Member

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    I'd wait for the auction. You are dealing someone who knows the game, but maybe ask if he chooses to sell prior to auction, you'd like to have an opportunity to make an offer.
     
    wylie, 20th Sep, 2021
    #2
  3. noomi_nooma

    noomi_nooma Well-Known Member

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    People other think these things way too much. Ask him if he would like to sell prior, if he says yes make an offer at a level YOU want to. If they say no wait until auction.

    You don’t know if you don’t ask.
     
    noomi_nooma, 20th Sep, 2021
    #3
    Joynz likes this.
  4. Scott No Mates

    Scott No Mates Well-Known Member

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    In nsw an agent must disclose their interest, is it the same in Vic?
     
    Scott No Mates, 20th Sep, 2021
    #4