Pendragon

Wow thanks all, some interesting comments! Just to be clear, Ive got nothing against sealed bids as an actual initial method if someone chooses to sell that way, but Im talking about agents saying its all going to sealed bids above the asking price!! I dont think everyone thinks "ooh its definately worth more than the list price Ill offer that". Therefore, I think instead its agents creating that and people falling for it, unwittingly bumping up offers above and beyond the asking price through fear and a bit of panic as they get played a bit Hey ho anyway Im just frustrated thats all- good luck if they want to offer it I suppose....heres to the dead cat bounce!!! Kx

Hi all Ok....Either Im not living in the real world, or everyone in East Dulwich is mad!!!(in a nice way obviously) Im trying to buy in the area...Ive seen 3 places and all of them are "apparently" going to sealed bids!!? Ummm..... didnt we just have the worst recession ever? or have I timewarped back to 2007 crazy days? I understand the seller will want as much money as possible and get their "greed" switch turned on by the agent who no doubt promises them sealed bids if they stand firm, but surely buyers can see this is a very unscrupulous and obvious method by agents to get people to bid up and probably pay something stupid way over the asking price (probably with no competition at all!?!!) I absolutely will not enter into sealed bids due to knowing this, but Im just thinking if everyone tells them to p-off then we all stand a much better chance and at lower prices Yes im (obviously)frustrated by this each time but also keen to know is this par for the course round here? If not- stop panicking people and dont believe the hype- the agents are probably laughing at us! To be fair, I know that houses are only worth what people will pay for them so if buyers are going to sealed bids does this mean this is a reflection then that the recession is dead and everyone is ready to pay silly money again?...If so I dread to think what it will be like if the market actually recovers....am I alone on this one?!... Kay x