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Old 12-02-2017, 09:09 PM
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Join Date: Feb 2017
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Default Agency doing Sale by Tender

Hi, I recently went to a viewing of a house that is being sold by tender and through a bit of research I discovered that the agency faked the story told to potential buyers about the owner and the reason for moving.

In fact, the owner of the property is a director in that real estate agency who bought the house last year and is now asking more than the double of what he payed for it.

My question though is whether it is legal for an agency to do a sale by tender on a property they own. They can basically continue fooling all potential buyers and keep accepting "blind offers" until eventually one offers an amount close to what they want. It sounds like there is a conflict of interests here.
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