QuoteOriginally posted by: CuchulainnI wonder could homes be sold on a Dutch Auction basis?It wouldn't work generally for homes because a typical home-owner would rather lose a limb than take a loss when selling (actuallythis is probably just in England). In the absence of acceptable bids they would rather sit tight, no matter how irrational their decision.However in the current madness that is the London property market many are effectively sold that way. The vendor holds an open dayand invites sealed bids. Highest one gets it. There is no possibility of a lack of decent offers.
Last edited by MattF
on April 28th, 2014, 10:00 pm, edited 1 time in total.