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re: Are phantom bids legal (real estate)?
Posted on 8/30/17 at 9:20 pm to NYNolaguy1
Posted on 8/30/17 at 9:20 pm to NYNolaguy1
I've wondered about this in an auction setting, myself. I suppose as long as the seller is okay with the idea of scaring off their main potential buyer in an attempt to drive the price up there's nothing that can be done.
You can bet that if it backfired on them and they then tried to come back to me, though, I'd cut them to the bone on price.
You can bet that if it backfired on them and they then tried to come back to me, though, I'd cut them to the bone on price.
1
Posted on 8/30/17 at 9:48 pm to Decisions
It's illegal and immoral. But it happens frequently.
My sister and son just went through it. Bad part is you have no way of knowing.
My sister and son just went through it. Bad part is you have no way of knowing.
This post was edited on 8/30/17 at 9:52 pm
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