Bidding procedure (real estate)

Hello andre_xs

I have thought for a long time about whether to write something about this. And I decided to:
You are a person with whom it is better not to do business.
For me, your sales strategies are without character and to be avoided for a serious buyer.
It's a shame that the current situation allows sellers like you to do business.

Steven

According to this logic, all auctions are not permissible.
What speaks against selling one's own property to the highest bidder? After all, none of us work just for air and love, but to pay our bills.

First of all, these are not "my" sales strategies, but as I said, auctions. The question is solely how many "rounds" one should have (and with exactly one round it is simply called a tender procedure). And I just asked a question about whether this is common in Germany, and what the advantages and disadvantages would be. Characterless for me would be concealing defects, lying, pretending false facts, etc., but not informing about the details of tender procedures/auctions.

Secondly, I am not even sure which procedure is better for the seller: one or several rounds? Let's say there is someone who *definitely* wants it, and there is only one round. To be sure, he or she might bid everything they can afford, let's hypothetically say €60,000. Then this person bids €60,000, even though no one else would have bid more than €40,000. As a seller, of course, I am happy about that.

Let's say there are 2 rounds. In round one, the person can only bid a little higher at first, to test the waters, but not the absolute highest bid. Let's say €45,000. Then I send the email for the second round: "Current highest bid is €45,000, does anyone offer more?"

At least the interested party knows that nobody has bid higher in the first round. He could stay at €45,000 or only increase slightly, e.g. €50,000.

Hmm, the more I think about it, the more one round makes sense. The potential buyers then have to carefully consider what it is worth to them and bid accordingly... Multiple rounds are probably rather disadvantageous for the *seller*, because it gives buyers the opportunity to "test from below." Which is probably the reason why sales platforms mostly promote the single-stage procedure (I guess that they (and realtors) tend to work more for the seller).

That is exactly the kind of thoughts and "insights" I actually created the thread for.

And if my trains of thought are wrong, please feel free to correct me!

Best regards, Andre

And secondly, I am not even sure which procedure is better for the seller:

Hello andre_xs Do you actually believe the nonsense you are writing there? A question has already been asked: With what amount was the garden land declared to the tax office for inheritance tax purposes? And now honestly: when comparing these two amounts, your character is revealed. Steven

One question has already been asked: With what amount was the garden land declared to the tax office for inheritance tax purposes?

(1) I don’t know. As I already said, I don’t live in Germany. My brother took care of these formalities.
(2) Why does this matter here? You don’t even know when the inheritance event occurred and how large the total inheritance was?

Edit: It seems to me that we are being accused of having just inherited the property, declared it at a very low value, and are now selling it for much more money. And thereby possibly ‘saving’ / evading taxes, or something like that. The short answer: No, we are not doing that. We are well below all allowances and the inheritance was a while ago anyway (so far we just thought the property was worth almost nothing, so we wanted to keep it, until someone made us a very good offer, which then prompted us to actually put it up for sale).

First of all, these are not "my" sales strategies, but as already said, auctions. The only question is how many "rounds" one should make (and exactly

They are not auctions because no obligation arises anywhere. They remain non-binding price inquiries. When you see something like that, you should almost participate destructively on principle. It's completely legitimate (apparently), because the original poster wants maximum money, everyone else does not.

because the OP wants maximum cash, everyone else doesn’t.

Somehow I can’t quite believe that I am the only seller who is interested in achieving the highest sales price by legitimate means (a slightly polite way of saying “wants maximum cash”).

The thread has kind of derailed: I don’t want to scam or anything like that. I simply (in my opinion “neutrally”) asked which procedures are common and which are best for sellers to achieve the highest price.

At the moment, with the sharply increased energy prices, we are making a loss every month. Isn’t it understandable to try to get a few thousand euros more to ease our situation? Above all: such a property is not life-essential, something people could exploit others with. People buy such things as a hobby, for their horses, etc. So by definition, people who are not scraping by and can afford such things (and probably don’t make a loss every month...). Why should I sell the property below what’s possible there?