Council's way of Selling Houses

***Mr D*** · 24-01-2007, 16:29

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.

garinda · 24-01-2007, 16:36

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.

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.

chav1 · 24-01-2007, 16:37

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

***Mr D*** · 24-01-2007, 16:39

Quote:

Originally Posted by garinda

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.

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.

***Mr D*** · 24-01-2007, 16:42

Quote:

Originally Posted by chav1

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

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

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.

garinda · 24-01-2007, 16:56

Quote:

Originally Posted by ***Mr D***

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.

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.

chav1 · 24-01-2007, 17:08

Quote:

Originally Posted by garinda

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.

.

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

garinda · 24-01-2007, 17:20

Quote:

Originally Posted by chav1

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

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.

harwood red · 24-01-2007, 17:27

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!!!

WillowTheWhisp · 24-01-2007, 17:49

I wouldn't be wanting to put a bid in without a good look round, a valiation by an independant valuer and a survey.

SPUGGIE J · 24-01-2007, 18:22

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

garinda · 24-01-2007, 18:48

Quote:

Originally Posted by SPUGGIE J

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

...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.