Tuesday, 16 May 2006

well, that's that

Auction news then.

We didn't get it.

There were two other parties bidding; B waited until one of them had run out of steam and then joined in the fray. However, the people who won wanted the place so badly that you could taste it coming off them. They seemed pretty much prepared to pay anthing.

We had agreed what we could go up to beforehand and worked out a rough strategy. The bidding went up in increments of five thousand and we got to our limit quite quickly. The auctioneer came back to us at that point and we went up another two thousand; which the other people immediately capped with an additional five. If I'd been them, I'd have only gone up another two at that point - I think their quickness to jump kind of indicated their readiness to pay whatever they needed to get it.

So we bowed out.

We are both fine about it, although we have agreed that next weekend we are going to do something much less stressful :).

B was very pleased because the other people in the auction who had dropped out quite early on came up to us afterwards and were really complimentary about the way he had handled it. The chap was a checked-shirt-and-waistcoat elderly farmer type who clearly knew what he was doing and it was lovely of them. They said that it was a very good thing to know your limit and stick to it, and agreed that the other people seemed prepared to pay anything.

I am going to phone the auctioneers today and say that if for any reason the sale falls through, to please consider getting in touch with us.

It was a really interesting experience; there were only five lots in the auction and there were easily a hundred people in the room. It was very much a farming community - agricultural people, lots of well-worn tweed jackets.

I don't think the vendors of 'our' place wanted to sell; they looked really stressed. Although B thinks that they might have wanted more money for it. It went for forty-seven thousand over the guide price (which is apparently about where they start the auction) and it will need about fifty thousand pounds worth of work to sort it out.

Off to phone solicitors and gather more information about some other places we like.



26 comments:

  1. There'll be other, better, more suitable places with less massive mortgages attached, you'll see!

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  2. There'll be other, better, more suitable places with less massive mortgages attached, you'll see!

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  3. Sorry to hear you didn't get it but Ms Mac is right, you'll find the right place at the right price.
    So, something less stressful next weekend. How about lion-taming?

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  4. Sorry to hear you didn't get it but Ms Mac is right, you'll find the right place at the right price.
    So, something less stressful next weekend. How about lion-taming?

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  5. Ay Caramba! Still, what with the dollar in free-fall and world stock-markets on the brink of catastrophe buying a house this week might not be such a good idea anyway.

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  6. Ay Caramba! Still, what with the dollar in free-fall and world stock-markets on the brink of catastrophe buying a house this week might not be such a good idea anyway.

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  7. Hey, quit talking about our dollar like that, ditdotdat! ;-)

    Ally, it's definitely for the best. Good job to both you and B for handling it all so well. You will find your dream farm sometime soon!

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  8. Hey, quit talking about our dollar like that, ditdotdat! ;-)

    Ally, it's definitely for the best. Good job to both you and B for handling it all so well. You will find your dream farm sometime soon!

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  9. Sonsidering how stressed I got in the final minutes of my last $50 ebay purchase, I can hardly imagine how exciting that must have been.

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  10. Sorry to hear you didn't 'win' at the auction. I admire your nerve going in the first place, I would have been terrified. Hope you have more luck with the next place.

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  11. Sorry to hear you didn't 'win' at the auction. I admire your nerve going in the first place, I would have been terrified. Hope you have more luck with the next place.

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  12. I second everything everyone else says. I'm sure it's for the best in the long run, and you did say that you were both having very cold feet about the largeness of the mortgage required.... And Your House is just around the corner, I'm sure.

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  13. I second everything everyone else says. I'm sure it's for the best in the long run, and you did say that you were both having very cold feet about the largeness of the mortgage required.... And Your House is just around the corner, I'm sure.

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  14. I have got straight back on the horse again and am arranging some more viewings for next weekend. And some lion-taming ... :).

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  15. Good on you Ally .... atta girl!

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  16. Now you'll feel like a pro if you have to do this again!

    Have fun in the land search.

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  17. Now you'll feel like a pro if you have to do this again!

    Have fun in the land search.

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  18. Sorry you didn't get the house but admire your commendable restraint at the auction. I have need of a snake charmer if you want a different sort of weekend!

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  19. Sorry you didn't get the house but admire your commendable restraint at the auction. I have need of a snake charmer if you want a different sort of weekend!

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  20. That's a blow. I was planning on setting up my tent next to the field with the pigs. I'm not so sure about pitching a tent next to lions.

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  21. That's a blow. I was planning on setting up my tent next to the field with the pigs. I'm not so sure about pitching a tent next to lions.

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  22. Don't despair Milt, I am in the process of arranging eight more viewings over the coming weekend :).

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  23. Don't despair Milt, I am in the process of arranging eight more viewings over the coming weekend :).

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  24. EIGHT viewings? No stress there then. Fnot. ;)

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  25. Ah, sorry, hon. But you know what they say

    "What is for you won't go past you"

    When you get the place you want, this place will pale into insignificance.

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  26. Ah, sorry, hon. But you know what they say

    "What is for you won't go past you"

    When you get the place you want, this place will pale into insignificance.

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