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What to Bid?

  • 21-10-2019 11:33am
    #1
    SteelyDanJalapeno
    Registered Users, Registered Users 2 Posts: 14,357 ✭✭✭✭


    Hi,

    Viewed a place last week that was listed for 180k, been advertised for 6 weeks now and the EA said there has been 2 offers, 130k & 150k.

    I dont really understand why the EA would tell us there was a bid of 130k, but over looking that, I'm a little unsure as to what bid with, should I match the top bid with the explanation that its a cash bid no chain etc, or should I go 155k or 160k.

    First time bidder so apologies for the naive questions


Comments

  • #2
    riclad
    Registered Users, Registered Users 2 Posts: 8,184 ✭✭✭riclad


    You could bid 151k, say its cash bid, no mortgage needed .
    Maybe the ea wants you to know theres 2 other people who want to buy the house.


  • #3
    Samuel T. Cogley
    Registered Users, Registered Users 2 Posts: 10,684 ✭✭✭✭Samuel T. Cogley


    There are many ways to approach it. Bidding 151K could see the other bidder counter with 152K and you could keep going and going. Alternatively you could bid say 160K in an effort to scare them off but you could have got it for 151K. There's no science to it tbh I say go with your gut.


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