Price increase - Advice required.

[khards]

Hi all,

There is a particular property that I am interested in and the auctioneer has increase the price by around 1/3rd which puts it right out of my price range.
I have not expressed interest in the property or contacted the agent.

Should I

1,view the property, make the agent aware that I am aware of the orignal lower asking price and put in an offer based on that.

2, sit back and wait for the property to either be delisted or reduced.

Further info: The price was hiked up around 2 months back, I guess it was hiked based on a near by property selling at around the revised price.

Any other ideas are welcome.

[BuffaloSoldier]

@khards

Hi all,

There is a particular property that I am interested in and the auctioneer has increase the price by around 1/3rd which puts it right out of my price range.
I have not expressed interest in the property or contacted the agent.

Should I

1,view the property, make the agent aware that I am aware of the orignal lower asking price and put in an offer based on that.

2, sit back and wait for the property to either be delisted or reduced.

Further info: The price was hiked up around 2 months back, I guess it was hiked based on a near by property selling at around the revised price.

Any other ideas are welcome.

I’d go for 1.

[khards]

Thanks for the response. I will be viewing one of the agents other properties around the same area so will see what I can extract from them at that viewing.