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.
Tuesday, 16 May 2006
well, that's that
Auction news then.