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 Auction properties

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ketupatlazat
post Aug 1 2019, 09:42 AM

On my way
****
Junior Member
555 posts

Joined: Aug 2013
From: Bolehland
QUOTE(heavensea @ Jul 31 2019, 06:37 PM)
Occupied unit
Owner duduk dalam
Talk kok asking compensation
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Most straight forward way = just pay him some money
The legal way = court order
The illegal way = pay some1 to help you hahah (not recommended)
ketupatlazat
post May 29 2020, 12:30 PM

On my way
****
Junior Member
555 posts

Joined: Aug 2013
From: Bolehland
QUOTE(alandhw @ May 29 2020, 11:28 AM)
What is the consequences for the stand down case which registered bidder not appear to bid?
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Worst case is you might get blacklisted cuz they see you as not serious
ketupatlazat
post May 29 2020, 12:42 PM

On my way
****
Junior Member
555 posts

Joined: Aug 2013
From: Bolehland
QUOTE(alandhw @ May 29 2020, 12:35 PM)
Blacklisted by that particular Auction House?
or somewhere else which might block the subsequent auction activities at any center?
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Should be by the bank that is auctioning the unit itself. I think lah. My agent used to tell me before.

Plus the reserve price will likely maintain for the next round because for the banks, they did see some interest at that particular price level, so why cut another 10%...
ketupatlazat
post Jun 25 2020, 07:48 AM

On my way
****
Junior Member
555 posts

Joined: Aug 2013
From: Bolehland
QUOTE(AskarPerang @ Jun 24 2020, 11:41 PM)
12 bidders fight for bumi lot unit + required double transfer:
from reserve price 478k. sold at 630k.


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Double transfer? Cash buyers indeed
ketupatlazat
post Jul 21 2020, 11:03 PM

On my way
****
Junior Member
555 posts

Joined: Aug 2013
From: Bolehland
QUOTE(matyrze @ Jul 21 2020, 10:19 PM)
Do you know if he was with an agent? Or he went in by himself? Think an agent would have checked and realized this..
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Likely went in by himself

Agent wouldnt be getting anythg until the property is successfully sold, so there is absolutely no incentive for them to mislead
ketupatlazat
post Jul 22 2020, 12:02 PM

On my way
****
Junior Member
555 posts

Joined: Aug 2013
From: Bolehland
QUOTE(MNet @ Jul 22 2020, 11:48 AM)
sometime agent is not knowledgeable thus causing this loss to bidder
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Kinda silly as well if it was not stated in the POS

In this case the bank should be blamed as well

 

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