Backdrop: We were contacted by a client with a budget of £350000. We identified a property that matched the client’s expectations from the Savills auction list with a guide price of £300,000 and went on to bid. Being a regular participant at the auction we landed the property without any competing bid. Immediately after the bid and just before signing contracts an offer of £290,000 was offered by a prospective buyer, our client however politely turned down the request to sell.

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