I am in the process of bidding for a house.
My bid is €10,000 below the advertised price, but, the auctioneer said, that he will not sell for less than 20,000 above the advertised price.
and, also, he will not put my offer to the seller until I provide proof of mortage approval.
I have now provided proof of mortage approval for an amount approx. 80% of the asking price and ,have sufficient funds to cover €20,000 above the asking price, I obviously do not wish to show my hand at this stage.
The auctionees is still refusing to pass on my bid until , I give him proof of:
(1) how much extra funds I have and,
(2) where the extra funds are coming from.
While I agree a solicitor is entitled to ask this question in case another person may have a claim on part of the property.
My question is : is the auctionees entitled to ask for this information.
(Incidently the property is on the market for approx 4 weeks and, I am only the second bidder, the first bidder being €15000 below the asking price.)
My bid is €10,000 below the advertised price, but, the auctioneer said, that he will not sell for less than 20,000 above the advertised price.
and, also, he will not put my offer to the seller until I provide proof of mortage approval.
I have now provided proof of mortage approval for an amount approx. 80% of the asking price and ,have sufficient funds to cover €20,000 above the asking price, I obviously do not wish to show my hand at this stage.
The auctionees is still refusing to pass on my bid until , I give him proof of:
(1) how much extra funds I have and,
(2) where the extra funds are coming from.
While I agree a solicitor is entitled to ask this question in case another person may have a claim on part of the property.
My question is : is the auctionees entitled to ask for this information.
(Incidently the property is on the market for approx 4 weeks and, I am only the second bidder, the first bidder being €15000 below the asking price.)
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