. But you do need to look out for government caveats and normally agents who wish to do my business will warn me enough without having me to go do a search.

So, the moral of the story is : The bank is always the winner. 

big brother is watching 

The best way to learn the tricks is to experience the auction yourself. Please understand that many of these tricks are not appropriate to be discussed in an open forum.

Haha..I'm afraid later moderator ban me. 

What happened was, before the property that we're bidding, all others property before that, the reserved price let's say RM 200,000. But the auctioneer will announced the price will start at RM 220,000 even before anyone rise their hand and bid for it. Is that common practice in KL??

And, same goes to the property i'm bidding for it. One of my friend's friend managed to register and went into the auction room. Surprisingly, she said the auction start 20k higher than the reserved price, and the bid increment is 20k per bid...

I've to double check the clause that if more than 2 bidders, the reserved price will be increase. i remember i didn't read about something like that, or maybe i mis-read or something, let me double confirm...

Anyway, there is plus point to raising the reserve price and increment amount....helping genuine buyers. False buyers could be those who are making a living out of "settlement" or the owner's people trying to jack up the price.

what if both the bidder do not suscpect that the reserve price at the high court auction will be increased, so both do not bid. Will their deposit get forfeited? because in cos, it stated that if any person deposit but do not bid, their deposit will be forfeited. Is this for single bidder only or apply to all?

The judge increase the reserve price is because there are more than 1 bidder. Normally the judge will only do that if more than 5 bidders. If let say the judge adjust the reserve price and no bidder wanted to bid, the deposit will not be forfeited, but if a property got more than 5 bidders and judge increase few k, definitely sure got ppl bid one, just those who has lower budget got no chance to raise their hand only.
And, if single bidder for sure the judge won't adjust the price, it will be sold to the bidder at the reserve.
And sure there's reason why the judge adjust/increase the reserve price. You will know it if you have more experience in auction property.

The judge increase the reserve price is because there are more than 1 bidder. Normally the judge will only do that if more than 5 bidders. If let say the judge adjust the reserve price and no bidder wanted to bid, the deposit will not be forfeited, but if a property got more than 5 bidders and judge increase few k, definitely sure got ppl bid one, just those who has lower budget got no chance to raise their hand only.
And, if single bidder for sure the judge won't adjust the price, it will be sold to the bidder at the reserve.
And sure there's reason why the judge adjust/increase the reserve price. You will know it if you have more experience in auction property.

for laca, usually it will be at rounding up to the thousand if the reserve price is not rounded to the thousand. and increase will be per 1k

cannot bro cause the bailiff said he need the original IC and bank draft in order to register....

The final price is only 10k higher than my budget...

Post auction for me is always a bunch of headache. Chasing for draw down to meet deadline, chasing owner to move, chasing the auction bankers to pay up their court fees....

can i just cabut all the banner there? majlis also will be doing the same if they got maintenance around that area

frankly i never did any title search but from my understanding the search cost RM30++. Maybe Any experience bidder can confirm this. so the agent sshould charge higher due to transportation, runner commission and so on. you also can do the title search but its kind of troublesome. if the auction got canceled, your search will just be a waste.

Maybe last minute the owner paid up. There have been cases whereby the auctioneer is informed at the very LAST minute. Literally the instruction to call off the auction of a property could be delivered by the legal council in attendance. Of course this applies to LACA auctions and not Court auctions. Don't think court auctions could be called off that easily.

Agents get commission from banks if their client is the successful bidder. They are there to help their client as some of them are unfamiliar with the paperwork and procedures.