U answer me first. After that i answer you back your question. One by one

One by one q and answer la

I m getting order for sale in shah alam tomorrow..

hmm attending ehsan auctioneer.. ng chan mou klcc.. as bank representative consider attend b4?..

This one gotta work it out.. pay money to runners .. they can h3lp you geh.. or if really know that area of auction.. start renegating ur bidders.. they will come to you and say.. " bagi saya 5k cash.. you angkat ini" most time cari makan.. bank officers too will try push up..

not going to be so hard.. go kl cout or shah alam you will see lay man in auction with sling bag.. why wanna sked ppl..

unless owners agent then jialat.. they bid high high after giving bankdraft.. got time to pay balance.. dun pay lor.. get another 3 months.. but burn 10%..

other than these.. arreas in maintenance.. quit rent.. and these fees might be lot..

normally bidders are the ones know bout that areas and surrounding.. the banks ppl wen posting such auction will tell ppl around you especially high rise..landed will be just mere agent alike tags.. on street..

So pool of bidders are limited.. renegating cari makan fellas.. bank agents.. owners.. should be it.. unless si peh good prop.. no need say.. new launch you all also BBB..

so far, how many properties u bid from auction ?

below 500k .. mahkota cheras area

Tot bbw is only interested in land bidding?

Dont forget to bring 50k cheque along with u...

Bank draft izzit?.. its below 500k.. it was advertised at 380k dsl intermediate unit..

Enjoy your tour lah

For auctions, they don't trust check...scared bounce.

Sudah dapat?. Below 20% of market price ?

Answer what? Wasted of money? Of course no. They hire them sure got use one. Either worthy paidor overly paid only.

Heard KL High Court only allow bidders to enter the auction room, and agent/runner to stay outside, true?

For high demand property, the final price likely to be on par with market price, and some time higher as the bidders too happy to raise hand!!!

If can bring 38k cash bank draft bid auction property. Why buy subsale become high entry cost?

They too happy to gain a piece of property at the hot area. Sometimes, good things got money also can't get it...

Auction mkt is over nowadays, good property will be transacted via private treaty, the remaining hot deal will see bidder fight till over mkt price.
I dun waste my time in it. For those who seek for 20%-30% cheaper price, you stand a chance for those unwanted listings only, unless for own use like factory, otherwise not worth.
Syndicate also bothering, sigh..

This post has been edited by UFO-ET: May 4 2014, 06:12 PM

Mb a few issue need to be address before jumping into those conclusion:
a) what can 38 k or even 50k buy?
b) does subsales market offer such cheap prop?
c) does it worth the value flipped prop
d) does bank give due valuation of 90% especially newly vp prop.

dont you tink this is high entry too.. 750k palm walk 3 cant get 90% loan but 80% loan..

meaning 20% DP= 150k? Or less? What can 38 k or 50kbuy? Not even 10% I presume..

Mb can ask bank officer and agents about dis..

I agree with UFO .. private treaty are most been selling.. but transacted price via this surely a slashed ... furthermo4e.. cant hide when S&P time.. ppl check vendor ccris.. ctos b4 releasing loan and etc.. dun get urself in trouble..

with nearing auction proceedings must have been commenced.. ccris sure all koyak will raise suspicion.. bank can abort the loan even offer letter was given..it provided in loan agreement..

Tao ke...if you cannot afford 750k prop. Buy 300k lo. If still cannot 100k lo...
Seller go for auction when problem arise. Buyer buy from auction also got problem? You really need to think before type.

Ya, plenty of flat in subsale market, DDD should consider this type of property instead of waiting