There’s a property that I am interested in as a development opportunity. We own the neighbouring property, so it is probably of more value to us than to others.
It’s been overpriced by a factor of 5-10 according to a valuation we had done, and we understand there has been little to no interest in it, but the estate agent has put a closing date on it.
Would I be right in thinking that it’s probably just to drum up interest? Create the illusion of demand. Is this a common tactic?