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Tell them to fuck off - they have the bid you’re comfortable with.
If there is another buyer, you’re bidding against an unknown quantity. If there isn’t, you’re just throwing money away.
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I'm considering telling them only to come and ask for my bid if the other buyer puts in an offer higher than what we've already offered.
Sounds reasonable - you already have the highest offer, let the other buyers beat it transaprently if they want then you can resond similarly.
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While everyone is saying “fuck it” there is always someone who won’t.
We did blind bids and won ours. Mortgage valuation agreed and we have lived in it happily ever after as we knew we could afford it.If you go too high you won’t get a mortgage, which is kinda a safety net anyway.
If your hearts in it I’d say go nuts, let the market (mortgage) decide.
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Soul
christianSpaceman
chrisbmx116
@hazzelfrazzel
Hmmm yeah, I hadn't considered that the mortgage company's valuer may come back with a lower valuation if we were to over pay for it. Presumably in that case you just have to negotiate it down with the seller, or they then have to go back and find another buyer?
Yeah, I'm not feeling great about the process they want me to enter into. As others have said, it seems designed to do nothing other than extract the maximum money out of me.
I'm considering telling them only to come and ask for my bid if the other buyer puts in an offer higher than what we've already offered. Otherwise I'm potentially kinda just bidding against myself. The other buyer might not be able to go any higher, or may refuse to take part.