Property Auctions

Property Auctions

Saying as the other house I had started to buy was almost falling to bits, we decided to go to a property auction after viewing a gorgeous house in jesmond.

It is the most nerve wracking thing ever, I had sweaty palms the lot as our lot got closer and closer!!! I even had to make dad bid for me as there were lots of winks and nods etc so was too confusing for me!!

Was amazing to see some absolute shit holes going for loads and have loads of bidders going for it. There were even a group of nuns there

One guy upstairs when we were signing the papers had bought about 5 properties there!!

Re: Property Auctions

You won then?

Re: Re: Property Auctions

Yip not the conventional way of buying a house but far more exciting and nerve wracking!!

Congrats

Nice one! Did you manage to rent the flat out without tidying the bedroom then?

I got some people to move in last Saturday thankfully!! I've never seen it look so clean the guy plays for Gateshead Thunder over from Australia and his wife as well really nice couple

Bit stressful trying to complete in 28days, good job I have a good mortgage advisor to get things though

hey well done. I went to one of those auctions once but everything was going for shedloads more than the guide price and it seemed like a really scary environment.
I usually buy my cars from the auction though and I've had some real bargains (and it's really exciting) but not such a massive amount of money being bid.

I keep meaning to go to one of these as at work we put a few properties in auction and I like browsing through the catalogues etc. [/dork]

maybe i should get involved in some auction action too! I spent all of yesterday looking for flats/houses in the toon, so tedious.

amazed that for 200k you still get nothing much bigger than a hotel room in some blocks - it's newcastle not london, i just don't get it.

back on wednesday for another look round, hopefully will find something then.

right, off to watch some dodgy satellite transmission of boro vs barcodes.

COME ON THE BORO!

come to me for your morotgage

Jesus natalie.. i know you said it was stressful, but... sweaty palms!?!?


nice one

If you're a mortgage advisor why would you need to use a different mortgage advisor? Or is that a joke?

It was a joke as I did it myself

if you think its bad now, it was worse 6-12 months ago

tbh the flat market in Newcastle is, well, flat - no matter what the bullshitting agents tell you

on some stuff that was being touted around at £220-£250k a year ago, people are accepting offers in the £180-200k bracket

i think if you can choose about 5 that you like (rather than setting on one), put semi-silly offers in say 10% below asking, you will probably get a bite from one of them

How much are you looking to spend? My house will be on the market in August. I know it's a while away, but it would be worth the wait! None of this modern flat rubbish with rooms the size of shoe boxes. And it's very central (Summerhill).

i hear both of you, but i'm about a 50% cash buyer so the mortgage isn't a problem - in fact it is cheaper than renting - so for me renting isn't an option, even with a potential capital drop i'm still going to be better off.

plus, if i can afford to, i don't intend on selling the flat when i move on, i see it as the start of my pension.

going to see about 6/7 more tomorrow near the centre for life end of town, hopefully some of these will have the space i'm looking for.

p.s. helen, I was looking to move June time, but if i'm still looking come August i'll take a look!

I want a house there! And me and my flatmate might well be looking to buy in around summer time...

no way will the market crash by 50 % imo