Walk Away To Bid Another Day

by Tim O'Dwyer M.A., LL.B Solicitor Consumer Advocate watchdog@argonautlegal.com.au Walk away to bid another day - but not before the auction is over. Picture yourself as a duly registered, cashed-up bidder at the auction of a seaside mansion. Bidding starts at $6.5 million. You join in as bidding progresses to $7.5 million. Then the auctioneer announces that the property is on the market - meaning that the reserve price has been reached and any higher bid will, on the fall of the hammer, secure...(read more)

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[Source: Australian Real Estate Blog]