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Bidding Question

  • 26-05-2015 10:14am
    #1
    rabwaygal
    Registered Users, Registered Users 2 Posts: 159 ✭✭


    Asking price on the house is €240K and has been on the market for approx. 3 months. EA has told us that the house went sale agreed at €240K but the person couldn’t get the money together, so the vendor now won’t move below €240k.

    We put a bid on the house for €220k approx. 1 month ago. The EA hasn’t come back to us yet about it, but when friends ring up the EA lets them know there are two bids. Ours at €220k and another at €225k. The EA never informed us of the €225k so I am just presuming he is chancing his luck.

    So I`m looking to see how to proceed. Any suggestions?


Comments

  • #2
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,858 Mod ✭✭✭✭Henry Ford III


    Time limit your bid, or perhaps increase it?


  • #3
    rabwaygal
    Registered Users, Registered Users 2 Posts: 159 ✭✭rabwaygal


    Thanks for the input.

    I was thinking of increasing but I`m pretty sure I`ll be bidding against myself.

    I`m not fully sure about putting a time limit on it yet. The vendor doesnt seem to be in a rush and I dont want to be coming back to him when the time expires.


    Thats why I`m being pretty cautious about what to do next


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