| House Auctions [message #383703] |
Sa, 29 April 2006 09:42 |
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Having time on my hands I've been watching those
daytime progs on selling/buying at Auction.
On this week's shows, three people each bought
a house that they had't looked inside, none of
them were really happy with the VFM that they
got.
I wonder if this is common result of selling at auction?
tim
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| Re: House Auctions [message #383711 ] |
Sa, 29 April 2006 11:34 |
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tim (back at home) wrote:
> Having time on my hands I've been watching those
> daytime progs on selling/buying at Auction.
>
> On this week's shows, three people each bought
> a house that they had't looked inside, none of
> them were really happy with the VFM that they
> got.
>
> I wonder if this is common result of selling at auction?
>
> tim
The programs also make out that buyers can make huge profits with little
effort. IMO this is bollox, as they never mention the buyers "premiums"
(or the VAT paid on said premiums).
Irma
Inviato da X-Privat.Org - Registrazione gratuita http://www.x-privat.org/join.php
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| Re: House Auctions [message #383713 ] |
Sa, 29 April 2006 11:44 |
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"Irma Troll" wrote
> ... they never mention the buyers "premiums"
> (or the VAT paid on said premiums).
Premiums for what?
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| Re: House Auctions [message #383720 ] |
Sa, 29 April 2006 12:38 |
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Tim wrote:
> "Irma Troll" wrote
>> ... they never mention the buyers "premiums"
>> (or the VAT paid on said premiums).
>
> Premiums for what?
Basically, the auctioneer's fees.
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| Re: House Auctions [message #383740 ] |
Sa, 29 April 2006 16:05 |
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"Jonathan Bryce" <jonathan [at] localhost.localdomain> wrote in message
news:m9sbi3-p9a.ln1 [at] michelle.jbryce...
> Tim wrote:
>
>> "Irma Troll" wrote
>>> ... they never mention the buyers "premiums"
>>> (or the VAT paid on said premiums).
>>
>> Premiums for what?
>
> Basically, the auctioneer's fees.
I assumed that all fees are paid by the seller. That
is the way that it normally works selling a house.
Some of the prices paid seem to high to have
X percentage added on.
Didn't it actually used to be that way in other
auctions. Aren't sellers premiums a new thing?
tim
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| Re: House Auctions [message #383760 ] |
So, 30 April 2006 00:05 |
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tim (back at home) wrote:
> "Jonathan Bryce" <jonathan [at] localhost.localdomain> wrote in message
> news:m9sbi3-p9a.ln1 [at] michelle.jbryce...
>> Tim wrote:
>>
>>> "Irma Troll" wrote
>>>> ... they never mention the buyers "premiums"
>>>> (or the VAT paid on said premiums).
>>> Premiums for what?
>> Basically, the auctioneer's fees.
>
> I assumed that all fees are paid by the seller. That
> is the way that it normally works selling a house.
> Some of the prices paid seem to high to have
> X percentage added on.
>
> Didn't it actually used to be that way in other
> auctions. Aren't sellers premiums a new thing?
>
> tim
That's what I'm talking about - the "hidden" buyers' fees (never
mentioned on the TV programs)...and the VAT on top of these fees! The
seller pays the auction house too - what a fucking rip-off!
No, the buyer fees are not new.
Irma
Inviato da X-Privat.Org - Registrazione gratuita http://www.x-privat.org/join.php
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| Re: House Auctions [message #383772 ] |
So, 30 April 2006 12:07 |
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tim (back at home) wrote:
> Having time on my hands I've been watching those
> daytime progs on selling/buying at Auction.
>
> On this week's shows, three people each bought
> a house that they had't looked inside, none of
> them were really happy with the VFM that they
> got.
Very Fine Mansion?
> I wonder if this is common result of selling at auction?
I don't think it is always the custom, when buying at
auction, to buy sight unseen. There is usually an
opportunity to view before deciding to bid.
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| Re: House Auctions [message #383778 ] |
So, 30 April 2006 13:31 |
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"Ronald Raygun" <no.spam [at] localhost.localdomain> wrote in message
news:J%%4g.61761$wl.50429 [at] text.news.blueyonder.co.uk...
> tim (back at home) wrote:
>
>> Having time on my hands I've been watching those
>> daytime progs on selling/buying at Auction.
>>
>> On this week's shows, three people each bought
>> a house that they had't looked inside, none of
>> them were really happy with the VFM that they
>> got.
>
> Very Fine Mansion?
I'm sure you know :-(
>> I wonder if this is common result of selling at auction?
>
> I don't think it is always the custom, when buying at
> auction, to buy sight unseen. There is usually an
> opportunity to view before deciding to bid.
I was interested here in the mentality of the buyer,
not the arrangements made by the seller
tim
>
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| Re: House Auctions [message #383783 ] |
So, 30 April 2006 14:46 |
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tim (back at home) wrote:
> "Ronald Raygun" <no.spam [at] localhost.localdomain> wrote in message
> news:J%%4g.61761$wl.50429 [at] text.news.blueyonder.co.uk...
>> tim (back at home) wrote:
>>>
>>> I wonder if this is common result of selling at auction?
>>
>> I don't think it is always the custom, when buying at
>> auction, to buy sight unseen. There is usually an
>> opportunity to view before deciding to bid.
>
> I was interested here in the mentality of the buyer,
> not the arrangements made by the seller
So was I. If he bought without viewing, the buyer's mentality
must have been fairly high.
--
Mentality, n. - a measure of the quality of being mental
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| Re: House Auctions [message #386447 ] |
Mo, 08 Mai 2006 12:33 |
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If you are interested in buying at auction and need to raise capital to
do so a good mortgage broker to speak to is www.optiomortgages.com
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