Private treaty bidding process

J

jpa

Guest
Estate agent tells me that there is a bid on a house I have looked at. He says he cannot disclose the bid price as it is under the asking price.

Is this normal practice ?
 
jpa said:
Estate agent tells me that there is a bid on a house I have looked at. He says he cannot disclose the bid price as it is under the asking price.

Is this normal practice ?

no, unless its a sealed auction.....
 
Don't worry; even if he/she had told you a price that had been bid, you'd have had no way of telling whether you were being lied to or not. The whole system is a mess and it encourages unscrupulous behaviour by estate agents.
 
Back
Top