Re:$782k over asking for a house in Sunnyvale
by vmarsy on Wednesday September 13, 2017 @12:33PM
(#15239913)
So basically it seems that houses in France are sold via a slow Dutch auction[1], whereas in the US it's an English auction...
It seems that the English auction goes much faster for the seller, whereas in the french house market, the buyer is the one having a fast process since as soon as they find a good home with a price they like, they can just decide to buy.
It seems that the English auction goes much faster for the seller, whereas in the french house market, the buyer is the one having a fast process since as soon as they find a good home with a price they like, they can just decide to buy.
[1] https://en.m.wikipedia.org/wiki/Dutch_auction