Ah you guys make it sound difficult. I've never bid at an auction using an agent, wasting money only.

Lelongtips is quite ok, google up the full address as given on the free listing, most of the time you'll find the POS or a link to the actual auctioneer.

Otherwise, you can go through auctioneer (not agents) listings here;

Credit Ibrahim Khalil's FB

http://auctions.com.my
⏩http://www.jtraj.com/
⏩http://arenaauctioneers.my/home/
⏩http://www.leongauctioneer.com
⏩http://cahaya-auction.com
⏩http://masterauctionhouse.com/
⏩http://www.heritageauctionhouse.com.my
⏩http://www.ehsanauctioneers.com
⏩http://www.mnp.com.my/mnp/
⏩http://www.rsmaniam-auctions.com.my/
⏩http://www.proauctionhouse.com/
⏩http://www.auctioneers-sejahtera.com
⏩http://www.ngchanmau.com
⏩www.rajanauctioneers.com
⏩http://www.eszamauctioneer.com/
⏩http://www.srico.com.my/
⏩http://www.kenauction.com.my/
⏩http://swt-auction.com.my

Here's what I do before I bid;

1. Google around for auction properties.
2. Get the Proclamation of Sale. Read terms esp on who pays the outstanding maintenance fees, quit rent, assessment fees etc.
3. Site visit. Estimate for repairs. If owner stays at the property, cancel and go back to step 1. Get a copy of utility bills for checking.
4. Do title search at land office. Can skip this if master title. If got private caveat by individual then go back to step 1.
5. Go for bidding with a set budget (always below bank valuation).
6. Win - sign contract; lose - return to step 1.

This here is an example of a listing from an agent.

Most importantly they won't reveal the address of the auction property, because if they do you'll just google it up and find it on the actual auctioneer website.

I've been in auctions where auctioneers increase the bid size because of the high number of bidders. Even for below 200k props. Basically it's their discretion.

Tengok jugak kat fb tadi. Legend jugak ni sampai dpt tv 😁

Follow them on fb. I read their posts on fb but never use their services as agent, hehe.

Haha kesianlah shafie bustan, still ok what. Reading his blog in 2008 was what introduced me to auction.

Back then also got Faridzaswadi, tuanbri (unfollowed already, cakap je lebih).

Lol. How come compensation amount to 1 million when market value only 130k?

This post has been edited by jetwash: Nov 1 2017, 01:09 PM

Some investors don't mind. Some just don't like the hassle.

I successfully negotiated with the owner (a lawyer some more, haha) for my first auction property. But there are much more complicated stories that has happened to other bidders.

Yeah but that never happens. Well expect maybe Bukit Beruntung in the good old days.

Price goes down 10% from the last reserve price each time, not from the initial price. So it's not quite 90% off at the 9th auction.

This post has been edited by jetwash: Dec 21 2017, 03:30 PM

1) I go straight to Pejabat Tanah dan Galian in Shah Alam, do a carian persendirian.
2) tnb and syabas, try to get a physical copy from the mailbox. I've gotten lucky before by just giving the address and name. No need to pay for unifi lah.
3) duh!

This post has been edited by jetwash: Mar 30 2018, 09:16 AM

It's pretty much the same really.

For lands it's always imperative to do a title search, you'd never know what weird thing is hidden away in the title deed.

90 or 120 days to get loan disbursed.

If master title you can skip step 4.

Probability of caveat usually only occurs with individual titles.

Also make sure the developer ain't liquidated (this is usually mentioned in POS.

Those are listings of different properties.. No two lists are the same.