Karl Deeter: New online system BidX1 offers to give estate agents and purchasers total transparency
Many property buyers at some point have probably suspected that there might be a ‘phantom bidder’
Anybody who has ever bid on a property and subsequently been told ‘there was another bid’ has probably suspected that there might be a ‘phantom bidder’ on the other side of that claim. Due to the way things work in Ireland, there is no way of knowing.
The truth is that it happens far less often than suspected. The one issue we do have is that there is no cost to make an offer. So...
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