Completion Fell Through

user1977

If a "proper" traditional auction, 28 days from exchange (i.e. the auction date) to completion is pretty typical. It'll be a known and fixed period anyway.

geoffc2020

knightstyle said:

before any of us can answer your question we need to know if it was an auction or was it an agent selling under the 'modern auction' scam?

It was an auction house not an agent

Slithery

geoffc2020 said:

knightstyle said:

before any of us can answer your question we need to know if it was an auction or was it an agent selling under the 'modern auction' scam?

It was an auction house not an agent

But was it a 'traditional' auction or a 'modern' auction?

They are completely different things.

geoffc2020

Slithery said:

geoffc2020 said:

knightstyle said:

before any of us can answer your question we need to know if it was an auction or was it an agent selling under the 'modern auction' scam?

It was an auction house not an agent

But was it a 'traditional' auction or a 'modern' auction?

They are completely different things.

Can you explain them both for me please?

user1977

geoffc2020 said:

Slithery said:

geoffc2020 said:

knightstyle said:

before any of us can answer your question we need to know if it was an auction or was it an agent selling under the 'modern auction' scam?

It was an auction house not an agent

But was it a 'traditional' auction or a 'modern' auction?

They are completely different things.

Can you explain them both for me please?

Traditional auction = bloke banging a gavel, mutually binding contract signed immediately, completion 28 days (or something like that) afterwards.

Modern method of auction = buyer pays a fee to estate agent which effectively gives them a period within which to exchange a fairly traditional form of contract, and if they fail to do that quickly enough then the vendor can pull out (and the agent pockets the fee and waits for the next mug to turn up).

Do you know where it was being sold?

geoffc2020

user1977 said:

geoffc2020 said:

Slithery said:

geoffc2020 said:

knightstyle said:

before any of us can answer your question we need to know if it was an auction or was it an agent selling under the 'modern auction' scam?

It was an auction house not an agent

But was it a 'traditional' auction or a 'modern' auction?

They are completely different things.

Can you explain them both for me please?

Traditional auction = bloke banging a gavel, mutually binding contract signed immediately, completion 28 days (or something like that) afterwards.

Modern method of auction = buyer pays a fee to estate agent which effectively gives them a period within which to exchange a fairly traditional form of contract, and if they fail to do that quickly enough then the vendor can pull out (and the agent pockets the fee and waits for the next mug to turn up).

Do you know where it was being sold?

It could be either method. Unfortunately I don't know where it's being sold

Woolsery

geoffc2020 said:

knightstyle said:

before any of us can answer your question we need to know if it was an auction or was it an agent selling under the 'modern auction' scam?

It was an auction house not an agent

More likely to be a 'proper' auction in that case.

geoffc2020

It's up for auction with Venmore Auctions

Woolsery

geoffc2020 said:

It's up for auction with Venmore Auctions

Their blurb shows that it will be a traditional auction with a catalogue issued and legal packs for interested parties and the sale will be at the fall of a hammer. No 'modern method' nonsense.