QUOTE(chicaman @ Jul 24 2013, 10:57 AM)
So the golden question is, these people that raise their hand during the auction dont know market price? or simple because they are too rich?
Lets say the property is 700k market value and a safe range between 5-15% is 10% which is around 70k extra.
maybe they dont know the bank value and the cons of auction price like need to renovate, owner dont want to leave and so onLets say the property is 700k market value and a safe range between 5-15% is 10% which is around 70k extra.
Or maybe too excited wanna lawan other bidder till lose control of emotion and continue bid as long as can win
or maybe they are too rich
Jul 24 2013, 11:14 AM

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