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stuckin2up2down

Seen Something I Really Like At Auction

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I'm now not sure if to just offer 15% above the top end of the guide price today a week before the auction?

This is around bubbly Bristol area and I notice that 25% ish of auction properties are selling prior.

I know its over priced and not worth it, but I did buy a few years ago in Bristol (so have benefited from HPI if i manage to sell mine, so paying the overpriced value doesn't worry me too much) and im still factoring in a 50% fall.

My house is going up for sale in a few days, so I don't have the funds and still need to sell my house. It's probably a bad idea to own two places at once even through I think everything is about to pop, but the property I've seen is a rare one that I've been on the lookout for many years (even before I bought my current house).

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IF you have the funds and can suck up a 50% fall in prices, I would say, go for it. Some places only come up for sell once in a lifetime and life is too short to feel like you missed out on the one!

That's why I don't even bother looking any more. Don't want to see something that I love and could afford but would be a fool to buy! :D

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Thanks, I'm going for it.

Actually when I bought a few years ago I priced in 50% falls, it actually has gone up so way over 50% wouldn't worry me.

Is it a repo ? if so it could be worth paying for a land registry search and cutting out the middle man

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