Dark side of property auctions - Page 2
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Thread: Dark side of property auctions

  1. #16
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    Quote Originally Posted by tupai View Post
    reallY?? Why no body offered to 'buy' me off? never ever in numerous occasions?


    Yang Bid TIUxlatotupai
    People can get rich by being false bidders and getting paid off.

    Where can we get a list of auction units but not going through those property agents ?

    Are there any well known auction houses in KL/PJ ?

  2. #17
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    If I really want to buy a unit or what , I do not think syndicates can influence me.

    Yea no body can do it

  3. #18
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    Quote Originally Posted by ng View Post
    People can get rich by being false bidders and getting paid off.

    REALLY? I am in the wrong line then!

    Where can we get a list of auction units but not going through those property agents ?
    Newspaper, online, hard copy, soft copy dll media

    Are there any well known auction houses in KL/PJ ?
    If I told ya, ye have ta buy me off!

    Yang Bo-looi auction TIUXlatotupai
    in luv with bikes...in lust with AphroditeS AWAS! Suspek is an Avid procurer to myths, lies, legends, folklores, i-ching, rumors, misinformation, cakap-ayam, spɹoʍ uʍop ǝpısdn puɐ˙˙DLL .
    p/s Take all the above with a XL salted duck egg, wash down with 2fingers of sodium hypochoride, and suck on to a pebble size tmn negara Rock salt

  4. #19
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    Quote Originally Posted by Naka View Post
    If I really want to buy a unit or what , I do not think syndicates can influence me.
    I stay stubbornly "uninfluenceable" too! hahaha
    "Choose a job you love, and you will never have to work a day in your life." --- Confucius

  5. #20
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    if only the sindiket had approached my fren...his last 'war' would have been bloodless, cheaper & $tre$$free!

    The 'enemy' was with his agent and together, they fought me fren thousand for '000 and after a few frus rounds, my blurblur fren raised the ante by multiples of 10000 and yet the enemy came charging on...

    The auctioneer & bank couldnt be happier when my buddy finally won the bloody cla$h of an idiotic egoi$tic day.

    Yang Berkawan TIUxlatotupai
    in luv with bikes...in lust with AphroditeS AWAS! Suspek is an Avid procurer to myths, lies, legends, folklores, i-ching, rumors, misinformation, cakap-ayam, spɹoʍ uʍop ǝpısdn puɐ˙˙DLL .
    p/s Take all the above with a XL salted duck egg, wash down with 2fingers of sodium hypochoride, and suck on to a pebble size tmn negara Rock salt

  6. #21
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    Quote Originally Posted by tupai View Post
    If I told ya, ye have ta buy me off!
    Hahahaha...

    It is good to be in the exclusive 0.0001%

    The 99.9999% can continue to moan about dark side here, dark side there....

  7. #22
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    Apr 2009
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    Putra heights
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    my neighbor wants to buy a auction unit in USJ,with land area 2800sf reserved price was Rm600k . The bank officer told him to pay Rm100k for"sure can get" unit.I told my fren"if you can afford RM700k hse,do you need to go to them and these transaction was done in cash and no proof.

  8. #23
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    My friend related to me her latest experience of going to the Jalan Duta Court auction. The court house was too small that they have to conduct the auction in the open air with some peoole standing on the staircase while bidding. About 60 people were interested in the same property that she was interested in.

    Reserve price was RM400K for this property in Sunway. Since there were many people, the auctioneer started the auction at RM450K with each lift of hand means bid of RM25K. The auction ended with the property purchased at RM875K, way above the market price! Furthermore, the property is so run down that it may need another RM150K of renovations....so, that comes to about RM1 mil....is this what you call heat of the moment bidding/impulse buying???
    If you believe in yourself, anything is possible

  9. #24
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    Quote Originally Posted by lho688 View Post
    My friend related to me her latest experience of going to the Jalan Duta Court auction.
    Your friend is very rich.

    Usually for auction units, you must have lots of cash because I heard that you have to pay everything within a short time. Bank might not disburse money within this short time.

    Is it true?

  10. #25
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    Not true...inkorek.
    in luv with bikes...in lust with AphroditeS AWAS! Suspek is an Avid procurer to myths, lies, legends, folklores, i-ching, rumors, misinformation, cakap-ayam, spɹoʍ uʍop ǝpısdn puɐ˙˙DLL .
    p/s Take all the above with a XL salted duck egg, wash down with 2fingers of sodium hypochoride, and suck on to a pebble size tmn negara Rock salt

  11. #26
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    Quote Originally Posted by ng View Post
    Your friend is very rich.

    Usually for auction units, you must have lots of cash because I heard that you have to pay everything within a short time. Bank might not disburse money within this short time.

    Is it true?

    Yes, you have to pay cash as bank may not be able to disburse the money within the time limit of 90 or 120 days stated in the auction prospectus. Otherwise, you will lose your booking fees.
    If you believe in yourself, anything is possible

  12. #27
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    Quote Originally Posted by tupai View Post
    Not true...inkorek.
    Erm, don't understand
    If you believe in yourself, anything is possible

  13. #28
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    Quote Originally Posted by lho688 View Post
    Yes, you have to pay cash as bank may not be able to disburse the money within the time limit of 90 or 120 days stated in the auction prospectus. Otherwise, you will lose your booking fees.
    no ca$h how to play big? if can means all of poorer sub-sahara semi naked tribesmen will be in bolehland bidding for auction properties lah... Plus if bank soooo slow, then must be kura-kura bank lah.

    Like they say in LOS: No Money No Honey.

    Yang Bidding war TIUxlatotupai
    in luv with bikes...in lust with AphroditeS AWAS! Suspek is an Avid procurer to myths, lies, legends, folklores, i-ching, rumors, misinformation, cakap-ayam, spɹoʍ uʍop ǝpısdn puɐ˙˙DLL .
    p/s Take all the above with a XL salted duck egg, wash down with 2fingers of sodium hypochoride, and suck on to a pebble size tmn negara Rock salt

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