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Live property auction online now - Barnard Marcus

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Comments

  • morg_monster
    morg_monster Posts: 2,392 Forumite
    can anyone tell me, why a person would put their house up for auction rather than regular sale? or are they all repossessions? i know it can be good to do when there is a LOT of interest in a place, but it seems like that wouldn't be the reason for a lot of these places...
    excuse my naivete!
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Get a quick sale. Behind on the mortgage for example.

    Bank repossession.

    Can't be bothered to do any marketing (eg that telephone repeater station).
  • morg_monster
    morg_monster Posts: 2,392 Forumite
    thanks. i have to say, lot 167 (one of the croydon flats) has to be in the ugliest building I have ever seen in my life. i can imagine the discussion at the architects... "well if we can't decide, lets just have a bit of every style going all the way back to the 1500s! yay!"
  • Pobby
    Pobby Posts: 5,438 Forumite
    Pretty unlikely to get pp imho.
  • Pobby
    Pobby Posts: 5,438 Forumite
    Hillcrest Road,Guildford.Surprised me that bidding only reached £148k.
  • silvercar
    silvercar Posts: 49,693 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    A lot of these are reposessions, HBOS plc is listed as owner on a lot of them.

    There are also a few properties in tiny villages that actually look quite decent; quite a few aren't on the house price sites so presumably haven't been sold since before 2000.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • sirhan_sirhan
    sirhan_sirhan Posts: 125 Forumite
    Pobby wrote: »
    Hmmm nice semi in Tamworth----£106,000 not bad!

    That is a 25% reduction in value in just over 18 months:

    http://www.nethouseprices.com/index.php?co...mp;pcsaCode=B77
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Pobby wrote: »
    Hillcrest Road,Guildford.Surprised me that bidding only reached £148k.

    It's not a very nice part of Guildford. There used to be a pub with strippers down the road from there so not all bad I guess.
  • dmg24
    dmg24 Posts: 33,920 Forumite
    10,000 Posts
    I'm waiting for the two Nottingham apartments (lots 197 and 198). Bought for £139K each in June 06 ...

    Lot 197 Unsold £64K
    Lot 198 Unsold £62K

    Ouch!
    Gone ... or have I?
  • fc123
    fc123 Posts: 6,573 Forumite
    OMG this is addictive, I only went on-line to check e-mails....popped here...now am getting no work done.
This discussion has been closed.
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