If buy from Auction, you're buying the house As-Is.
You will own any problems, repair bills that belongs to the house.
Worst case when you open the doors and found out the house got body (crime scene) or got druggies/unwanted tenants. They will become your problem.
No one will know what's good/wrong with an Auction house; that's why its a gamble.

Typical scare tactics by r.e agent.

I beg to differ.

I'm no real estate agent, but at least I keep myself updated with the latest news and delve into property from time-to-time.

https://www.thesundaily.my/local/crimes-tha...urder-FM1952447

I’ve heard too many unfavourable stories with regards to auction properties to ever venture into it. Make sure you do your research first before going for an auction. As they say, high risk, high reward.

auction is okay..

however please do site visit and make sure buying price always 30% below market...

if the same price with subsale..better go for subsale

The reason why u hear more bad things than good things is bcoz which idiot would really go tell ppl they find gold in ther newly acquired auctioned unit?

typical stereotype by ignorant

TS, to add on to all the cons that larry pointed out:
1. they are legally obligated to inform you about the address of the property. go do a site visit if its landed house. ask the neighbours about the property
for condo, abit more difficult to see the unit, but u can check with mgmt office for outstanding maintenance and utility bills and previous occupants
2. 99% of the time u wont find gold nor deadbody, but repair bills can be hefty since you dont know the inside condition of the unit [it could be pristine condition, it could be trashed by previous occupant [like cluster kayangan quarantine center]
3. depending on location and property, the hammer price could exceed market value. hence, always check for bank/fair market valuation first, and know ur max limit you are willing to pay for the property. know ur limits. stop when it exceed. do not bid with emotion [if u are bidding for investment]
4. prepare a contingency amount for repairs [refer #2] if u manage to bid without ur required budget

as for subsale:
nothing much at risk unless the unit has defect that owner failed to inform, or didnt know of such defect
you get to see the unit in entirety, and ask as many questions as you want
you can bring your wife mother father auntie uncle pet cat mistress to view the property as many time as u want before u decide on buy.
u sometimes, also can check for loan eligibility before u decide to pay deposit [auction is only ONE DAY, and its harder to check your loan qualification this way]
and if u pandai nego, you can get ur deposit refunded if ur loan fails. auction cannot [though u have 120 days to settle full amount, instead of 90 days for subsale]

PM me if u have further questions

p/s: yes i'm a real estate agent. and yes i've been to auctions

Hi Guys,
Wish to get some opinions form the experts in this forum!
can anyone provide/suggest/opinions on the cautions need to take care of ofr
Auction market and Subsales market!?
thanks in advance and wish to humbly  learn from you all!

rofl...stating the fact = scare tactic...
you must be a pro seasoned realtor investor with billions of ringgit worth of property, bro
 

He is just purely seasoned posts accumulator. Posting everywhere with his imaginary facts.

rofl...stating the fact = scare tactic...
you must be a pro seasoned realtor investor with billions of ringgit worth of property, bro
 

If buy from Auction, you're buying the house As-Is.
You will own any problems, repair bills that belongs to the house.
Worst case when you open the doors and found out the house got body (crime scene) or got druggies/unwanted tenants. They will become your problem.
No one will know what's good/wrong with an Auction house; that's why its a gamble.

Subsales unless auction is kangtao

Buy auction good, maybe inside got gold bar then it become yours 😃

what kangtao are you refering?
very very cheap price?!
or got insider in bank?
or other thing?!

Real estate is illiquid and there are better investment opportunities elsewhere.

Buy when blood is knee deep on the floor.

where is the blood currently!?

Currently dripping out from the feet. Barely a puddle. Wait a couple of months after the moratorium ends and see if the blood goes up that high.

typical stereotype by ignorant

TS, to add on to all the cons that larry pointed out:
1. they are legally obligated to inform you about the address of the property. go do a site visit if its landed house. ask the neighbours about the property
for condo, abit more difficult to see the unit, but u can check with mgmt office for outstanding maintenance and utility bills and previous occupants
2. 99% of the time u wont find gold nor deadbody, but repair bills can be hefty since you dont know the inside condition of the unit [it could be pristine condition, it could be trashed by previous occupant [like cluster kayangan quarantine center]
3. depending on location and property, the hammer price could exceed market value. hence, always check for bank/fair market valuation first, and know ur max limit you are willing to pay for the property. know ur limits. stop when it exceed. do not bid with emotion [if u are bidding for investment]
4. prepare a contingency amount for repairs [refer #2] if u manage to bid without ur required budget

as for subsale:
nothing much at risk unless the unit has defect that owner failed to inform, or didnt know of such defect
you get to see the unit in entirety, and ask as many questions as you want
you can bring your wife mother father auntie uncle pet cat mistress to view the property as many time as u want before u decide on buy.
u sometimes, also can check for loan eligibility before u decide to pay deposit [auction is only ONE DAY, and its harder to check your loan qualification this way]
and if u pandai nego, you can get ur deposit refunded if ur loan fails. auction cannot [though u have 120 days to settle full amount, instead of 90 days for subsale]

PM me if u have further questions

p/s: yes i'm a real estate agent. and yes i've been to auctions

any restriction in getting the loan for the property obtain from acution like limit too how many % loan?

i always heard story of middle man in Auction house asking for a cut i,e somemoney of the property u wanted..

any restriction in getting the loan for the property obtain from acution like limit too how many % loan?

i always heard story of middle man in Auction house asking for a cut i,e somemoney of the property u wanted..

Is the same for new, subsale and auction. The limit is your eligibilty.

You go into the auction room with the max limit price. Once it cross the line, walk out and dont have to worry about who is bidding against you or anyone asking for a cut.

no longer got market for middle man or also known as ulat to work now since already moved on to online bidding platform.
so everyone need to fight fair and square now.

used to be able to "side deal" and avoid bidding war but no longer applicable now.
in today market now is may the best man win.

as mention in the above reply, set your max limit, just move on to next unit if not able to meet your budget.

Hi Guys,
Wish to get some opinions form the experts in this forum!
can anyone provide/suggest/opinions on the cautions need to take care of ofr
Auction market and Subsales market!?
thanks in advance and wish to humbly  learn from you all!