Council's way of Selling Houses
 

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.

Re: Council's way of Selling Houses
 

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.

Re: Council's way of Selling Houses
 

very strange and to be honest its quite open to fraud , not that i would ever imagine a councilor would ever do any wrong but having access to envelopes or somone who knows teh highest bid could make a few grand after a quick sale on a ex council house

yes iem a cynical sod but if auctioning it shoudl go through a propper auction

ps:

seen as your a bit flush mr d can u lend us a couple of hundred quid i just got a car repair bill to pay and big holes in the road damaging my car arnt covered by my insurance :rolleyes:

Re: Council's way of Selling Houses
 

Thats how I took it sounded a bit of a con.

The property would NEED a survey as its a large house thats been empty for some time.

TBH I will probably give it a miss or just put in a low offer and keep my fingers crossed.

Wonder who has acess to the envelopes before the draw.:confused:

Re: Council's way of Selling Houses
 

My thoughts exactly.

Me flush I wish:( , funny though I also have car damage from big holes in the road, I even once fell down one and badly hurt my ancle.

Re: Council's way of Selling Houses
 

It's like any tender that's submitted to the council, it will all be done legally and above board, and will probably be conducted by an independent soliciter.

Like I said, it's common in Scotland, but it's annoying way to sell a house, especially for the purchaser.

Re: Council's way of Selling Houses
 

hahahahahahaha hahahahahahahaha

hang on heres a more realistic theory

It's like any tender that's submitted to the council, it will all be done with favours or back handers, and will probably be conducted by a solicitor that is a friend of a councilor


they shouldnt be selling council houses anyway , what they get for it will be nothing compared to the rent they willbe paying for a family to live in a privatly rented house that could have lived in it

Re: Council's way of Selling Houses
 

Ok then, the next time you are telling the leader of HBC that you are psychic, and that you are getting a 'P' through from your spirit guide, in the Rose & Crown, ask him how much it is.:D

Re: Council's way of Selling Houses
 

usually the only reason a council would sell a house is due to the work involved to get it up to standard, it must be bad if it didn't get transferred when they did the rest!!!

Re: Council's way of Selling Houses
 

Re: Council's way of Selling Houses
 

Well throwing another bone in completion time is an average of 6 weeks up here.

Re: Council's way of Selling Houses
 

...and your finances must have been sorted prior to that date.

I don't know about this particular property, but mose auctioned houses are quite hard to secure a mortgage on, especially as Harwood Red says, it might be in a state of disrepair, and hence the sealed bid auction.

Re: Council's way of Selling Houses
 

Which is why some interlopers who venture up here end up on their preverbials.

Re: Council's way of Selling Houses
 

Re: Council's way of Selling Houses
 

you get a mortgage guarantee from teh lender

If you win you take it up, if you don't they let it lapse