Schlepping the Bones Out of It… How Auctioneers Squeeze Buyers!

02/11/2022 29 min Temporada 2 Episodio 48
Schlepping the Bones Out of It… How Auctioneers Squeeze Buyers!

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Episode Synopsis

#48Have you been put off buying UK property at auction due to the intimidating atmosphere of a live auction?Join me as I make my first foray into the exciting, adrenaline pumping cauldron of a live auction. The property is a two-bed terraced house in Stoke.Auctioneers Sally Smith of Loveitts and Andrew Brown of Strettons give us valuable insights into the techniques and strategies adopted to squeeze the last few pounds out of buyers to secure the best possible price for their clients.Andrew calls it 'schlepping the bones out of it', and, knowing how they do it may help you avoid paying more than you intended at auction. Dave Goodfellow of Ikonic Propertymay well have wished his wife and father-in-law had heard this episode before they paid 20K more than Dave had instructed when buying their first investment property many years ago.Listen now to see if this is the deal that results in a happy conclusion to my self-imposed four-month challenge to buy a property at auction from my home on Hong Kong without setting foot in the UK. If not, only three weeks remain…This week’s show also features contributions from Dave Goodfellow of Ikonic Property and  Jay Howard of Hammered.Rate, Review, and Follow the Show!And if you’re an expat property investor with a story to share, please get in touch via the podcast website.