Wondering what peoples opinion is of bidding on a property where it was at a significantly higher asking price late last year, the property was within reach, but it would have been pushing the limits, so walked away without making a bid.
Now property newer asking price is significantly less, it seems obvious no one showed interest at the original price, I rang the agent, may have caught an inexperienced person on the hop, but person stated that highest bid was even less than the newer asking by a reasonable amount. Told Id get a call back and nothing for almost a week, out of the blue I am rang, was busy and planned to ring at the start of following week myself anyway, but am now told property highest bid is back at the newer asking asking price (its possible),
Im wondering if I should put a bid in for the same price, they may be expecting me to place an increased bid, which might seem usual, Id even considered putting a lower bid but dont want to make it seem like Im a time waster and just messing them about or have them disregard any future bids. While interested, I dont want to escalate out of hand or bid against myself, it seems likely they are going to try get as close to the original price.
The problem is, if I bid and am outbid in the end, the agent has another property which is has a lower asking price still, and the agent would have a good idea of my limits then.
Prefer the original property, and would like to bid, have approval, and am just waiting on a pdf of that to send on.