Seller decides who buys
Hi copied this from another notice board - hope it will be of help to you:
What was said in the programme was that when auctioneers found that their phones were not ringing they went and had a word with vendors and advised them of the situation. One vendor brought down their prices by 50,000.
In Ireland auctioneers will advise vendors not to sell less then their over prices valuation of 40,000, they simple want to keep the property on their books.
My elderly uncle last year put an offer in on a property with an auctioneer and when it was finally accepted at the asking prices he was still was ready to go ahead had all finances in place. He was being pushed to close within a week, which he could have done. However the auctioneer told him with a big smile that there was another person that the property was going to be sold to for the same price. My uncle was given back his 10% deposit.
One year later that same property was advertised on all the major web sites for exactly the same price, so there was no sale, despite my uncle saying that he could close within a week. My uncle told the auctioneer and the vendor solicitor if the sale did go through would they let him know but this was a west of time as no one contacted him about the sale fall through. My uncle was not a local person although he is Irish but it seems that local people will be first considered with auctioneers regardless their finances. That poor vendor lost money and all that hassle that he/she was put through because of an stupid auctioneer, which is the biggest auctioneer in Ireland