Just before I left the auction house, I just thought I may as well register my interest with them. I told them what I would be willing to bid, and surprisingly they were talking to me. Why, when what I was prepared to bid was lower than the highest bid in the auction? It could only be that the auctioneer just pretended that people were bidding.
They rejected my offer of £85k, and even my generously improved offer of £86k and I went home.
Before xmas, the agent rang me, and told me he had received a higher bid than mine. I didn’t believe him, and even if they had, I figured it would be for more than £90k which I wasn’t willing to go over. So I left it, and we had a nice christmas.
Then the agent rang me again in the new year, and he must have forgotten that he’d lied to me about getting a better offer. He asked me if I would give him any more to play with and try and close the deal. I told him that after speaking to my wife, I’d only go 10% over the valuation to £88k.
He told me they wouldn’t even look at a bid less than £90k, but he then said he would waiver their fee that I knew I would have to pay, which was just short of another grand. Would I give him a bid of £90k if he waivered his fee?
I ummed and ahhed, told him of all the risks, but said, go on then, but not a penny more.
I couldn’t believe it when he rang me back a day later saying they’d accepted.
The next day, contracts were swapped and the cinema was ours.