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Old 07.06.2021, 13:30
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Re: Purchasing property on an "auction"

Have seen "highest bidder" for flats/apartments as well
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  #22  
Old 07.06.2021, 14:06
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Re: Purchasing property on an "auction"

It always amazes me how people become sentimentally attached to a property. I've seen properties sold for less than asking, despite higher offers on the table, on the condition the purchaser leaves it as is. Deal signed the purchaser anyway goes and renovates!!

When I buy I make an offer and I give the seller 2 hours to accept, otherwise I walk away. I've walked away from many properties but also bought quite a few this way. I've also bought a few I walked away from for less than my offer when the seller lowered his price after he could not sell it and it was on the market for a year.

One key point to get a bargain, is to be a cash buyer. You can always remortgage later!

As to auctions, I only go to public ones, usually bank repossessions. Picked up a few bargains for little more than the debt that way.
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Old 07.06.2021, 14:14
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Re: Purchasing property on an "auction"

So, we are all different and why not.

We know that our house will be renovated, kitchen first lol, and probably the massive internal barn made into a magnificent 'Grand design' - and it will be absolutely amazing.

But we will not sell to just anyone- and they will have to build a massive swallows and bat tower in the field prior to ripping up top in the autumn. We know many who are interested and we can trust. The needs of wildlife will be respected, by Covenant.

Some house are just 'brick and mortar' well, not this one, not a single brick in sight . Some understand, some not- that's life.
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  #24  
Old 23.06.2021, 12:32
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Re: Purchasing property on an "auction"

anecdotal evidence about house bidding and rising prices from 20min today:
https://www.20min.ch/story/viele-koe...n-802830624048
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  #25  
Old 23.06.2021, 13:46
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Re: Purchasing property on an "auction"

That might work in Lugano. Not so much in city of Zurich.

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It always amazes me how people become sentimentally attached to a property. I've seen properties sold for less than asking, despite higher offers on the table, on the condition the purchaser leaves it as is. Deal signed the purchaser anyway goes and renovates!!

When I buy I make an offer and I give the seller 2 hours to accept, otherwise I walk away. I've walked away from many properties but also bought quite a few this way. I've also bought a few I walked away from for less than my offer when the seller lowered his price after he could not sell it and it was on the market for a year.

One key point to get a bargain, is to be a cash buyer. You can always remortgage later!

As to auctions, I only go to public ones, usually bank repossessions. Picked up a few bargains for little more than the debt that way.
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