Quote:
Originally Posted by ***Mr D***
I recently saw a property up for sale (terrace house), the advertising board was for HBC.
Wondering what the price of the property was or expecting it would be for aucton I rang the number on the board.
It was explained to me (how I took it) that if you where interested, you put your offer in a envelope, dropped it of at the council offices, they them grouped them all together and on the 23rd Feb 2007 they opened the envelopes and the highest price wins.
I am still awaiting some information they promised to send me, but it seems a funny way of selling a property to me.
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99% of all property in Scotland is sold that way, by sealed bids. It's a bit of a con really, because you are expected to have had a survey done on it before the auction, and if you are successful you are legally bound to buy it.
In this case, rather than going to sealed bids, a public auction would have been much fairer, and might actually have raised the council more money.
Good luck, if you decide to go for it.