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Not really related but just dropped by and read this shortly after scanning through Rightmove today and noticing quite a few properties coming on advertised as "now available post auction" . I have wondered for a long time how many properties sell at Auction, it has seemed to me that putting an overpriced property on as being "auctioned" was perhaps a tad optimistic as if we are still in the days of old when property was being snapped up! So am I right in assuming that "available post auction" means overpriced property that nobody wanted pre-auction or at auction and chances are nobody is going to want or be able to afford post auction either ? This past week I have seen some properties being relisted up to £10,000 down from pre-Christmas listings, whilst other have gone £10,000 or more up even though they didn't sell last year at the lower price ! It will be interesting to see which way this wobbling market is going to go this year, I get the image of man pushing a boulder up a steep hill, I am not sure anyone has the momentum to keep this boulder going UP to be honest....no matter how much or how many keep singing the same chorus of "things are going to get better" . Time to realize perhaps that "getting better" for the majority (rather than just the few) INCLUDES house price re-adjustment

Double-compound-pendulum.gif

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Not really related but just dropped by and read this shortly after scanning through Rightmove today and noticing quite a few properties coming on advertised as "now available post auction" . I have wondered for a long time how many properties sell at Auction, it has seemed to me that putting an overpriced property on as being "auctioned" was perhaps a tad optimistic as if we are still in the days of old when property was being snapped up! So am I right in assuming that "available post auction" means overpriced property that nobody wanted pre-auction or at auction and chances are nobody is going to want or be able to afford post auction either ? This past week I have seen some properties being relisted up to £10,000 down from pre-Christmas listings, whilst other have gone £10,000 or more up even though they didn't sell last year at the lower price ! It will be interesting to see which way this wobbling market is going to go this year, I get the image of man pushing a boulder up a steep hill, I am not sure anyone has the momentum to keep this boulder going UP to be honest....no matter how much or how many keep singing the same chorus of "things are going to get better" . Time to realize perhaps that "getting better" for the majority (rather than just the few) INCLUDES house price re-adjustment

Double-compound-pendulum.gif

Withdrawn prior /available post auction i , withdrawn prior genraly means there was no interest prior(no or very few viewings/ requests for leagal pack) and that`s at guide price so they withdraw to save on the auction fees, available post genraly means it never reached reserve at auction, if they are repossesions they will normaly turn back up at auction after a few months with a reduced guide price

I`m seeing alot of withdrawn priors around my way in the last six months or so and the strange thing is they have not had silly guide prices

So yes they were over priced

Edited by long time lurking

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Withdrawn prior /available post auction i , withdrawn prior genraly means there was no interest prior(no or very few viewings/ requests for leagal pack) and that`s at guide price so they withdraw to save on the auction fees, available post genraly means it never reached reserve at auction, if they are repossesions they will normaly turn back up at auction after a few months with a reduced guide price

I`m seeing alot of withdrawn priors around my way in the last six months or so and the strange thing is they have not had silly guide prices

So yes they were over priced

Yes I have seen the past six months or so more and more properties saying that they are going to auction unless blah blah, but today I was just aware of a lot saying "available post auction" thus answering a Q for me about whether properties actually sell at auction. My guess is from the properties that I see as going to auction, people are suffering under the delusion that dozens of people will bid for the property even though they had NO interest from anyone before going to auction and I assume will have no interest from anyone "post auction" which says what? When I listen to people speaking about their property not selling and nobody even interested even looking they seem genuinely confused given ALL the hype why isn't THEIR property selling! Must be the agent, is usually the first thought! I see nice properties coming down and down in price and still not selling, which again says what? There was in my area a bit of shift mid year last year after years of properties just sitting, but that quickly shifted back to properties just sitting...unsold...

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