andre_xs
2022-05-03 23:06:07
- #1
Hello all,
as already explained in another thread, my brother and I have inherited an outdoor/grassland plot, which we would like to sell. It is advertised and some people are interested.
I have heard about the bidding process, where at the end of a deadline all interested parties submit an offer, and the property is sold to the highest bidder.
What I wonder is: why doesn't the seller do several rounds of that? Like in an auction. So after the first round everyone is informed again "Current highest bid is XXX€, does anyone want to bid higher?" I live in England, and here house purchases involve much more back-and-forth negotiations with various interested parties, not just a single round...
Or have I missed something?
Thank you very much & best regards,
Andre
(P.S. If in the wrong forum, please move!)
as already explained in another thread, my brother and I have inherited an outdoor/grassland plot, which we would like to sell. It is advertised and some people are interested.
I have heard about the bidding process, where at the end of a deadline all interested parties submit an offer, and the property is sold to the highest bidder.
What I wonder is: why doesn't the seller do several rounds of that? Like in an auction. So after the first round everyone is informed again "Current highest bid is XXX€, does anyone want to bid higher?" I live in England, and here house purchases involve much more back-and-forth negotiations with various interested parties, not just a single round...
Or have I missed something?
Thank you very much & best regards,
Andre
(P.S. If in the wrong forum, please move!)