auction houses
21 March 2005, 09:42 AM
#1
Scooby Regular
Thread Starter
Join Date: Nov 2001
Location: sheffield
Posts: 4,093
Likes: 0
Received 0 Likes
on
0 Posts
auction houses
anyone know anything about auction houses
i am hoping to go to one soon (property buying)
and want to know how it works, what do i need etc.
i am hoping to go to one soon (property buying)
and want to know how it works, what do i need etc.
21 March 2005, 11:18 AM
#2
Scooby Regular
Join Date: Oct 2004
Location: essex, then chongqing, china and now essex again
Posts: 2,568
Received 0 Likes
on
0 Posts
never bought from auction before, but have looked into it in the past. take a look at this - http://www.propertyauctions.com/auct...s/ac_guide.pdf - and remember to do your homework properly first!! (...and try not to get bitten by the auction fever bug when it comes to sticking to a budget!)
21 March 2005, 01:02 PM
#3
Scooby Regular
Join Date: Sep 1999
Location: Bedfordshire
Posts: 4,037
Likes: 0
Received 0 Likes
on
0 Posts
Yep regularly visit our local one to pick up bargains (sometimes!). Never been to a property one though! Typically you will pay a buyers premium on top of the hammer price which can be anywhere from 5-15% and sometimes VAT on the whole lot if the goods have come from liquidated stock. Some auctions you have to pre-register I guess to weed out the time wasters. What will you need? some nerves and plenty of cash!
Gary
Gary
21 March 2005, 10:50 PM
#4
Scooby Regular
Thread Starter
Join Date: Nov 2001
Location: sheffield
Posts: 4,093
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by richardg
never bought from auction before, but have looked into it in the past. take a look at this - http://www.propertyauctions.com/auct...s/ac_guide.pdf - and remember to do your homework properly first!! (...and try not to get bitten by the auction fever bug when it comes to sticking to a budget!)
thx thats a very good read
Thread
Thread Starter
Forum
Replies
Last Post