Missed the Bid? Check the “Unsold” Bin.
One Man’s Trash is Your Treasure. Sometimes, a property gets zero bids. Maybe the base price was too high. Maybe the photo was ugly. Maybe everyone was focused on the Premier Tranche. When the hammer falls and no one bids, the asset enters the Negotiated Sale phase. The Strategy Immediately after the auction ends, ask […]
One Man’s Trash is Your Treasure.
Sometimes, a property gets zero bids. Maybe the base price was too high. Maybe the photo was ugly. Maybe everyone was focused on the Premier Tranche. When the hammer falls and no one bids, the asset enters the Negotiated Sale phase.
The Strategy
Immediately after the auction ends, ask the PropertyAuctions.ph team for the “Unsold List.” These assets are now often open for direct offers.
The Leverage
Because the asset failed to sell at auction, the bank knows the market rejected the price. This is your window to submit an offer at the base price (or sometimes negotiate terms) without the pressure of a ticking clock.
The “After-Party”
Some of the best deals happen when the cameras are off.
