Was he right?

Discussion in 'The Buying & Selling Process' started by Jasmine, 5th Mar, 2020.

Join Australia's most dynamic and respected property investment community
  1. Jasmine

    Jasmine Well-Known Member

    Joined:
    12th May, 2016
    Posts:
    118
    Location:
    Melb
  2. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

    Joined:
    18th Jun, 2015
    Posts:
    7,283
    Location:
    03 9877 3000
    The agent's job is to get the best result for the vendor. That often involves putting pressure on a buyer.

    A common buying tactic is to try to intimidate the competition out of bidding. The purchaser appears to have done this quite successfully.

    You can't really tell if the underbidder was intimidated or not, the video didn't focus much on her. The purchaser's job is to bid up to what they're comfortable with. If they don't do that, then perhaps that's a failing on their part.

    Pressure tactics from any party are a bit of a dick move, but I wouldn't say that they're wrong. If you don't have the confidence to deal with this sort of thing, then find someone to help you who can.

    Personally if I found 3 agents crowding me as the under-bidder, I'd tell them to bugger off. I'd also tell the other bidder the same thing with his rant.
     
    Last edited by a moderator: 5th Mar, 2020
    Jasmine likes this.
  3. TMNT

    TMNT Well-Known Member

    Joined:
    23rd Jul, 2015
    Posts:
    5,573
    Location:
    Melbourne
    what an idiot the winning bidder is

    "ive bought 100s of property"

    typical chest beating of that background
     
  4. jaydee

    jaydee Well-Known Member

    Joined:
    25th Mar, 2016
    Posts:
    397
    Location:
    Perth
    Yes, he appears as an idiot, but his method worked and he didn't have to up his bid given the underbidder pulled out.

    Auctions are a game and it appears he played it well (or at least better than the REAs)