EOI to Auction

What will you take if a sale was originally being sell using EOI then changed to Auction? after the EOI only lasted for 5 days?

It is like EOI 5 days ago, now auction next Friday.

Is it too many people put their hands up?
or too many people put their hands up with low $ offer?
or no one put their hands up?

 

It could be any, all, or none of the above. Why don't you ask the selling agent?

 

Also could be that vendor situation changed and now need to sell urgently

 

yes it is, the advertisement say it is priced for quick sales. I understand EOI and auction both put some urgency on the buyers.
Well I guess I just need to rock up to the auction and see what is the competition like.
At the end, the market always decides the price.

 

I would say there has been a lot of interest so they are going with an auction or the vendors circumstances has changed and they need to sell quicker.

Either way you rock up and bid what you want to or put an offer in before/after (if not sold prior).