Vendor Bid VS Passed In February 15, 2010 No Comments
A client asked me on the weekend what the difference between the auction result of “Passed in” as opposed to “Vendor bid” is, after attending the auction at 51 Taloombi Street, Cronulla.
Just to clarify, a ‘vendor bid’ is when a property passes in (and is not sold) and the highest bid is by [...]
