adsense

 

PHOTO: A Dutch auction is when someone makes an offer before the property goes to auction.

If you’ve been in the market to buy a property, you’ll know how anxiety-provoking it can be.

Key points:

  • Independent real estate agent Edwin Almeida says agents can favour investors when it comes to Dutch auctions
  • Dutch auctions are not illegal, but agents admit the practice is an ethical grey area
  • Mr Almeida claims there are a number of problems in the industry

Some hopeful homeowners decide to take some control back by putting in an offer to the seller before auction day.

“The biggest question that us agents get, from any prospective buyer is, ‘is the owner open to selling prior to auction?” McGrath estate agent Peter Chauncy said.

“And that’s the biggest question, the favourite question that we get from every buyer.”

READ MORE VIA ABC