Booney wrote:The Dark Knight wrote:daysofourlives wrote:I didnt realise buying a house like this was an auction process. Sounds very dodgy to me. I was of the understanding that you put an offer in and other people put their offers in and the vendor looks at them and takes the best offer. i didnt think the agent could go back to prospective buyers and say you need to put in a better offer
Well as far as I'm concerned it was a case of the vendor having a price they wanted, the offers being lower than that price and I was given the option of increasing my offer and if I decided not to it goes to the next person to decide.
TDK may have had the lower dollar figure, but the better terms. ie - Some others may have been "subject to sale" and he may have been good to go, cashed up.
Hopefully the amount wasn't too much, well, couldn't have been prohibitive if he's locked and loaded. Anywho, don't drag him down man!
Good for you TDK, it's an exciting time mate. I remember when Mrs.Boon and I purchased our first, very modest timber frame 2 bedroomer in Royal Park. Was our first step into home ownership and now, some 20 years later, we're into our third ( and perhaps final ) home that we've always wanted.
You still in the Peninsula, I assume?
Yes I believe you're right Booney, I was more 'ready to go' as I know another person that put in an offer was still waiting for their house to sell.
Thanks Boon and yes still on the Peninsula.