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81 lots, 21 sold over guide, 11 withdrawn and 36 still available. Oh,dear, not a good sign for prices going forward.

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eh? confused!

Not much sold, but what did went for higher than asking? What does that mean

Guide prices set low to stimulate interest. That few sold indicates that what did was probably at a reasonable-ish price.

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eh? confused!

Not much sold, but what did went for higher than asking? What does that mean

Sometimes they put the guide price deliberately very low to attract buyers.

A couple of years ago I saw a guide-price £300K property go for around £535K. This was during the bottom of the market, but it was a one-off property, one of the few where 'rarely available' is actually true. From what I can see if anything's going to attract a lot of interest they do this to get bidding wars going and hope that anyone who really wants it will get carried away.

OTOH in the same (seaside) area I've seen a small flat that's been on the market a whole 3 years now, go to auction twice - at the same price - but fail both times to sell. It's now back with an EA again - still at the same price that didn't attract anyone at the auctions.

You do wonder when the penny is finally going to drop.

Mind you the original EA was useless - more than once before it went to auction I asked (mostly out of nosiness) how long the lease was - nobody could ever tell me and they seemed almost surprised that anyone should ask for this very basic information.

The EA it's with now does at least give this sort of info as standard.

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I was at the Redruth sale.

Usually every seat is taken with a lot of people standing round the sides of the room.

This time, there were seats still available.

Normally there are 10 or so EAs in suits lurking in the corner. This time there were 3.

Most of the lots were junk anyway. Don't know why people waste their money.

A shitty little building plot went for some astronomical figure.

The planning people need to release more land.

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eh? confused!

Not much sold, but what did went for higher than asking? What does that mean

Chandeliers outbidding the fire extinguishers.

Inanimate bidders have much to answer for.

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Chandeliers outbidding the fire extinguishers.

Inanimate bidders have much to answer for.

+1

That was my experience lat year when I went to an auction. Most embarrassing when a standard lamp walked away with a 750k house :)

The seller was in the room and was all confused, like, when the auctioneer semi-fessed up.

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I made enquiries about a property at a recent auction as it was still available. The "buyer" had done a runner after the auction apparently.

Maybe the BBC could merge homes under the hammer and crimewatch?

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  • 145 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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