QUOTE(clanzkiller @ Apr 20 2012, 07:10 PM)
michaellee,
Ok, i've attended an auction few days ago at Shah Alam High Court.
Unfortunately, i'm late for the registration which is at 9.30am. I reached at 9.36am. So we went to the auction room and meet the bailiff who are still in the mid of sorting the cases. And no matter what reason we use, the bailiff do not allow us to register. So nvm lo.
Under the POS, it written the auction supposed to start at 10.30am. But we wait and wait and wait, and the auction start at 11.42am. The reason we waited is because to see what's the final price for the property i'm bidding.
Few question before i continue:
1. under the POS terms and condition, it stated that if the registration is after 9.30am, it will be have to depends on the bailiff decision. We've shown this terms to him, he just simply say, ' i cakap x blh, x blh laaa'. without any valid reason given.
2. The bailiff are so concerned on the registration time, but do not concerned on the auction time which is late for 1 hour+. Malaysia Boleh
I fully understand is my fault that i'm late and if they simply let me register, then everyone will do the same. But why do they written the clause like that, and why even the bailiff closed the registration at 9.30, the auction will also be late??
Ok continue with the story..
bla bla bla, alot of auction, until the property that we're bidding, which is at 1.23pm. total 13 bidders inside the auction room.
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, for the bid increment, let's say RM 200k, is there any standard guideline for the increment or decided by the auctioneer? Is a RM20k increment of every single bid is common as well in KL??
Waiting for your kind reply, thanks..
what is the final bid price? Ok, i've attended an auction few days ago at Shah Alam High Court.
Unfortunately, i'm late for the registration which is at 9.30am. I reached at 9.36am. So we went to the auction room and meet the bailiff who are still in the mid of sorting the cases. And no matter what reason we use, the bailiff do not allow us to register. So nvm lo.
Under the POS, it written the auction supposed to start at 10.30am. But we wait and wait and wait, and the auction start at 11.42am. The reason we waited is because to see what's the final price for the property i'm bidding.
Few question before i continue:
1. under the POS terms and condition, it stated that if the registration is after 9.30am, it will be have to depends on the bailiff decision. We've shown this terms to him, he just simply say, ' i cakap x blh, x blh laaa'. without any valid reason given.
2. The bailiff are so concerned on the registration time, but do not concerned on the auction time which is late for 1 hour+. Malaysia Boleh
I fully understand is my fault that i'm late and if they simply let me register, then everyone will do the same. But why do they written the clause like that, and why even the bailiff closed the registration at 9.30, the auction will also be late??
Ok continue with the story..
bla bla bla, alot of auction, until the property that we're bidding, which is at 1.23pm. total 13 bidders inside the auction room.
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, for the bid increment, let's say RM 200k, is there any standard guideline for the increment or decided by the auctioneer? Is a RM20k increment of every single bid is common as well in KL??
Waiting for your kind reply, thanks..
Apr 20 2012, 07:24 PM

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