How to formulate a bid for a property?

Of course, one does not know whether the seller's statement is true, but it was probably not quite right to say it was a "price that not many can pay" when a third of all inquiries offered the same amount. I guess some of your competitors from the top third will now increase their bids if you are all really that close together. The seller is not spreading "hope" for fun..., he knows that at these sums 20000 is almost a joke. Someone in the joint heirs community will be cash-cool enough not to be able to resist the emerging bidding competition. Demolition or not. The market is simply broken. Let me know if you continue to participate. It would be interesting to see how high the fun goes now.