Hi,
We are in the process of purchasing an apartment that was on the market for €175,000 back in June. we eventually bid €165,000 which was accepted. We paid a deposit in June but since then there is a hold-up as the apartment is part of a bankruptcy (owner went bankrupt) and although it now belongs to a bank, the ownership has not yet been transferred.
We now see that the agent has the apartment up in his sales room at €155000!! a drop of €10,000. As we have only paid a booking deposit we are unsure how to proceed. Although we don't want to lose the apartment , obviously we are not happy to pay €10,000 more than the agent is now looking for. Would it be worth just withdrawing and bid again??
Would appreciate any advice on how best to handle this.