Thanks
Hi, when making an offer on a property that has a Richtpreis should the Notar share the highest offer before the potential buyers make their better offer in the second round? If he doesn't share the best offer what would be the point of two rounds?
When there are 2 rounds, in my experience they do share highest offer from round 1.
thank you, that's what we were expecting. Thanks for sharing your experience.
And here's my experience:
The second round often started with 'offers over' - which may or may not represent an actual bid.
Sometimes the level of interest generated in the first round, and the type of person bidding, tells the seller that they can change strategies, often bumping the price significantly.
Good luck!
A while ago we sold a property using this method due to the high interest from potential purchasers. It was triggered when one buyer offered CHF 25,000 over the asking price in cash there and then!
I think we had 14 people interested in the first round, then in the second the top price was revealed with 8 dropping out, leaving 6 in the third and final round. The chap who offered the 25k got it but at a lot more than the 25k he originally offered.
It did throw up two conundrums though. First, did the agent undervalue the property, and second, by going in very low did he actually generate the demand that resulted in the much higher price??
That's exactly what the estate agent did in the U.K. when we sold our house there.
He also spaced the viewing appointments so close that people viewing could see how many other people were interested.
It sold much higher than the real valuation and the actual original asking price.