“The person in charge of the project in the East district sent this to me.”
Inside the envelope was a black card with the letter L embossed in gold ink on the front flap.
Hannah flipped it open and read the details, her brows furrowing as she finished.
“You don’t have to attend the auction if you don’t want to,” Byrum said after noticing the shift in her expression.
“There’s no way our company would win the bidding, anyway.”
Hannah closed the invitation and looked at the old man.
“Grandpa, it says here that the land is being auctioned by a private seller. Why wasn’t this information revealed beforehand?”
Byrum scoffed and took a sip of his coffee.
“A marketing strategy.
Revealing it at the last minute would naturally attract more interest from prospective buyers. They will be inclined to bid higher, too.”
‘s
At this point, everyone was aware that the land in the East district was a highly sought-after asset.
Needless to say, a lot of prospective buyers would be flocking to the option. The seller would be a fool if he didn’t raise the price then.
Hannah pursed her Lips and stared straight at the old man.
“Grandpa, you knew from the start that there was something wrong with the property, didn’t you?”
“If it were truly government-owned land, there would have been a wealth of public knowledge regarding the area,” Byrum explained slowly.
“But no, the city was taken by surprise when they suddenly announced the auction. I may not be involved in real estate, but I have been in business for most of my life. Of course, I noticed that something was not right with the situation.
“Hannah,” he said, his tone taking on a hint of concern.
“Never mind the invitation. We don’t have to be at the auction. Someone is obviously playing a game. It might be better for us not to get involved in any of it.”
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“It’s all right, Grandpa. It’s piqued my interest, so I’m going to take a look. It’s always good to broaden one’s horizons. It’s our first time dabbling in real estate. We need all the experience we can get.”
Byrum was still reluctant, but he eventually nodded.
“ALL right. Do as you see fit. Don’t worry about the company’s finances, we are more than capable of supporting any decision you make.”
“Thank you, Grandpa. I’ll be careful. Besides, it’s just as you said.
We might not even win the bid.”
Apart from the Mitchell Group, other companies would be participating, formidable entities in the world of real estate. Even a lay person could tell that the White Group stood no chance.