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lying auctioneers in this day and age

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  • 02-09-2015 4:25pm
    #1
    arthur daly
    Registered Users Posts: 477 ✭✭


    I recently heard a property near me came up for sale so I made a enquiry to the auctioneer which he replied the asking price was 340k and their was a offer in of 330k with huge interest.

    The price was to high for me but I was talking to a friend that evening and he said the property was on daft.ie for the past few weeks with a asking of 280 turns out my friend knew the owner and asked him about the property,the owner had no contact from the auctioneer with any offers plus the owner said for a quick sale he would take 250.

    Is this standard practice?I found it amazing the auctioneer is actually very well known and has a pretty big business.


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    #2
    sydthebeat
    Subscribers Posts: 41,625 ✭✭✭✭sydthebeat


    arthur daly wrote: »
    I recently heard a property near me came up for sale so I made a enquiry to the auctioneer which he replied the asking price was 340k and their was a offer in of 330k with huge interest.

    The price was to high for me but I was talking to a friend that evening and he said the property was on daft.ie for the past few weeks with a asking of 280 turns out my friend knew the owner and asked him about the property,the owner had no contact from the auctioneer with any offers plus the owner said for a quick sale he would take 250.

    Is this standard practice?I found it amazing the auctioneer is actually very well known and has a pretty big business.

    an auctioneer 'loose' with figures......

    standard practice im afraid.

    you should let the owner know what you were willing to offer and let him tear the auctioneer a new one.


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    #3
    arthur daly
    Registered Users Posts: 477 ✭✭arthur daly


    Thanks for reply,the owner knows and is pretty annoyed to say the least.
    Obviously the property market is so busy at the moment auctioneers can screw people


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    #4
    sydthebeat
    Subscribers Posts: 41,625 ✭✭✭✭sydthebeat


    With modern technology and sites such as daft, I don't really see the point of auctioneers to sell private dwellings to be honest.


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    #5
    hexosan
    Registered Users Posts: 1,736 ✭✭✭hexosan


    sydthebeat wrote: »
    With modern technology and sites such as daft, I don't really see the point of auctioneers to sell private dwellings to be honest.

    The same could of been said in the boom, I could never see the need for them.


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    #6
    sydthebeat
    Subscribers Posts: 41,625 ✭✭✭✭sydthebeat


    hexosan wrote: »
    The same could of been said in the boom, I could never see the need for them.

    In the boom it was mainly new builds purchased and you couldn't get to them unless through a tied auctioneer.

    When it's more existing dwellings like the current market, there's really no need for auctioneers.


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    #7
    Murphy14
    Registered Users Posts: 167 ✭✭Murphy14


    Another industry that is regulated you raise your concerns with property services regulator


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    #8
    BryanF
    Moderators, Home & Garden Moderators Posts: 10,140 Mod ✭✭✭✭BryanF


    arthur daly wrote: »
    I recently heard a property near me came up for sale so I made a enquiry to the auctioneer which he replied the asking price was 340k and their was a offer in of 330k with huge interest.

    The price was to high for me but I was talking to a friend that evening and he said the property was on daft.ie for the past few weeks with a asking of 280 turns out my friend knew the owner and asked him about the property,the owner had no contact from the auctioneer with any offers plus the owner said for a quick sale he would take 250.

    Is this standard practice?I found it amazing the auctioneer is actually very well known and has a pretty big business.
    would like this moved to the property forum? Please let the mods know
    By PM thanks


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