[p.p.]

subby, on Feb 11 2008, 12:00 PM, said:

have you seen the estate agent picture.... she looks like someone's drawn her on with a crayon

nah that's the false tan

http://www.realtor.com/search/listingdetai...srcnt=10#Detail

any advances?

[p.p.]

2 for 1?

http://www.realtor.com/search/listingdetai...srcnt=60#Detail

[paul65]

prophet-profit, on Feb 11 2008, 12:11 PM, said:

nah that's the false tan

http://www.realtor.com/search/listingdetai...srcnt=10#Detail

any advances?

It has always been a dream of mine to live in Beaver County! That's a hell of a property for 3 grand! I could buy it and be mortgage free almost immediately. Now to find a job out there ....

[paul65]

subby, on Feb 11 2008, 11:28 AM, said:

I especially love the pictures of the doors....and more doors....and the door open into the hallway....dam that seems to be all that there is in that house...doors

Well it is America and I hear they are all big fans of The Doors over there

Seriously though getting back to what this thread on forthcoming auctions is supposed to be about this is the first ever property I have seen come to auction that says

Quote

To be sold WITH NO RESERVE...

Crikey!

[p.p.]

Apologies for going off-topic....

Paul - here's a chart that I thought you might find interesting relating to the US sub-prime regional variance.

the zoom feature is pretty handy

http://www.alpharamb...om/subprime.php

[pod]

Property auction tonight.

http://u.tv/newsroom...p?id=87667&pt=n

[paul65]

doccyboy, on Feb 21 2008, 07:50 PM, said:

On UTV news at 10.30 it said 12 houses sold for about 900k - at least one was 240k so some must have been quite cheap.

I'm putting together the report from tonight's auction now. Will post again when complete. The highest valued property to achieve a fully completed sale went for 240k. Everything else was below that. A heavy dose of realism has now set in. Auctions are the way forwards if you want to shift your house at a realistic price. We were all told at the start that there could have easily been 400 lots in there tonight (instead of the 80 presented) they have that much stuff on their books.

[subby]

paul65, on Feb 21 2008, 11:13 PM, said:

I'm putting together the report from tonight's auction now. Will post again when complete. The highest valued property to achieve a fully completed sale went for 240k. Everything else was below that. A heavy dose of realism has now set in. Auctions are the way forwards if you want to shift your house at a realistic price. We were all told at the start that there could have easily been 400 lots in there tonight (instead of the 80 presented) they have that much stuff on their books.

you're our very own

[pod]

paul65, on Feb 22 2008, 01:13 AM, said:

I'm putting together the report from tonight's auction now.

Where was this auction held as the location wasn't mentioned in the article I linked to.

[paul65]

subby, on Feb 21 2008, 11:45 PM, said:

you're our very own

Cheers Subby - although I'd much rather be this forum's very own David Dickinson. Was wondering if anyone else from this forum was at the auction tonight? If so what did you think?

[Vespasian]

doccyboy, on Feb 21 2008, 07:50 PM, said:

On UTV news at 10.30 it said 12 houses sold for about 900k - at least one was 240k so some must have been quite cheap.

BBC said 3 million worth of confiscated houses to be sold (18houses in total) 12 sold for 900k. So, the other six are worth 2.1million????

[paul65]

paul65, on Feb 21 2008, 11:13 PM, said:

I'm putting together the report from tonight's auction now. Will post again when complete. The highest valued property to achieve a fully completed sale went for 240k. Everything else was below that. A heavy dose of realism has now set in. Auctions are the way forwards if you want to shift your house at a realistic price. We were all told at the start that there could have easily been 400 lots in there tonight (instead of the 80 presented) they have that much stuff on their books.

Ok the "NEW" report is now available and published on http://nipropertyauc...ooglepages.com/

The "traffic light" system is still in operation ie.

Green shading = sale completed ok
Amber/orange shading = only a provisional sale and further ongoing negotiations would have to take place between buyer and seller to achieve a sale outside and away from auction
Red/pink = Reserve price not met and no sale

Hyperlinks to the lots are included in the data spreadsheet.

The BBC story http://news.bbc.co.u...and/7258002.stm that the Assets Recovery Agency properties made £3 million is simply untrue and you'll see that if you scroll to the bottom of the report. Confirmed ARA sales totalled £1.782 million. I think I need to contact the BBC to correct them!

Anyway I'm knackered from all this data inputting and am off to Bedfordshire. Enjoy the report on http://nipropertyauc...ooglepages.com/

[p.p.]

paul65, on Feb 22 2008, 01:40 AM, said:

Ok the "NEW" report is now available and published on http://nipropertyauc...ooglepages.com/

The "traffic light" system is still in operation ie.

Green shading = sale completed ok
Amber/orange shading = only a provisional sale and further ongoing negotiations would have to take place between buyer and seller to achieve a sale outside and away from auction
Red/pink = Reserve price not met and no sale

Hyperlinks to the lots are included in the data spreadsheet.

The BBC story http://news.bbc.co.u...and/7258002.stm that the Assets Recovery Agency properties made £3 million is simply untrue and you'll see that if you scroll to the bottom of the report. Confirmed ARA sales totalled £1.782 million. I think I need to contact the BBC to correct them!

Anyway I'm knackered from all this data inputting and am off to Bedfordshire. Enjoy the report on http://nipropertyauc...ooglepages.com/

Many thanks Paul for your efforts

It's mad seeing the price that some of those German property is going for.

For instance:

http://www.wilsonsauctions.com/property_de...new.asp?id=4651

SOLD at £22K

[p.p.]

and this in Glasgow SOLD at 22K!!!!!!!!!!!!!!!!!


http://www.wilsonsauctions.com/property_de...new.asp?id=1062


BTL here I come....

[paul65]

doccyboy, on Feb 22 2008, 09:47 AM, said:

Well done Paul - you are a star.

Hope you find the info useful Doccyboy. In the space of 2 weeks since the last Wilsons Auction I attended it seems (to me at least) that the property landscape has changed dramatically. If you compare the two reports on http://nipropertyauc...ooglepages.com/ you'll see that there is a lot less pink where the reserve was not met (only 1 property - Lot 30) in last nights (21/02/08) auction. It seems that the auctioneers have really started to hammer down (pardon the pun) the reserves with vendors and if they (the vendors) are not prepared to be realistic on what they will take then their properties don't make it into the auction in the first place.

At the end of the day auctioneers don't want tyre kickers (both on the selling and buying sides)

Just as a little aside each of the 80 lots last night was "done and dusted" from Powerpoint introduction of property to sale decision in 90 seconds. There was no messing about and only in the minority of cases (probably only 5 properties max) was there any sustained up bidding. Everything else (other than the 5 mentioned) seemed to go to sale achieved within 10 bids - no more. There is no longer any appetite here to engage in bidding wars. People have finally woken up.

This post has been edited by paul65: 22 February 2008 - 10:37 AM