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Auction Results
ken_and_dot
Posts: 81 Forumite
Yesterday's propertry auction by Beechwood (I think !!! - I deleted the e.mails so can't be sure) showns that of the 26 lots 9 sold for more than the guide price, some by a considerable amount, 9 are still available so I assume they failed to make their reserve, 6 sold prior to auction and 2 were either postponed or withdrawn. Doesn't sound too bad under the circumstances.
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Comments
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link? evidence?
oh btw :
The moon is made of cheese: bbc news emailed me but i deleted the email... i think.0 -
:rotfl: :rotfl: :rotfl:2.1% - 2.4% DAILY PROFIT INVESTMENT -
:beer:DEBT FREE BY 2011 (INCLUDING MORTGAGE - FINGERS CROSSED):beer:0 -
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try www.breachwoodingram.co.uk
There are some very sad people on this board. Why anyone would think someone would post those results falsly is beyond me. I simply posted them out of interest. I often wonder whether these people react in the same way face to face. The above posts are tantamount to being called a liar. I'm out of here.0 -
Yeah but the question is, how much did they sell for compared to, say 2005?Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.0
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SUMMARY
Credit crunch or cash bonanza? We will leave you to decide but what we will add is don't believe all that you hear or read. Yes, prices have dipped and buyers are cautious because, like everyone else, they read the papers and listen to the news but, if land or property is marketed with realistic guide prices and reserves there are still willing buyers eager to raise their hands in auction and that is exactly what happened in our May/June sales.
From:
http://www.cliveemson.co.uk/latest_report.asp0 -
Yeah but the question is, how much did they sell for compared to, say 2005?
Anecdotally I think more and more places up for sale are failing to make their reserve which underlines the current disconnect between sellers and buyers.
Ultimately either buyers will have to pay more or sellers accept less. In late 2005 the former happened. I'll be surprised if the same happens in late 2008 or even 2009 which implies that sellers will have to start to cut prices. I have no way of knowing though so I guess we'll see.0
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