Attending a Live House Auction!

I cross yet another adulting milestone, attending my first live house auction!

It was so exciting and exhilarating at the same time! There was quite a crow that came to the auction, it seems like everyone think it’s a good time to buy a house…which means the prices are going to go up. It was a bit sad that I wasn’t able to make a bid at all…I have yet to recieve my Pre-approval from the bank and also the house ended up being outside my price range sadly…

The house that was being auctioned was open for half an hour before the auction to allow curious people like myself to have a walk around. This was the second time that I walked around the house, and boy this time I could see many faults that I hadn’t noticed the last time I was there. Last time I was there, the toilet was forever flushing and required a new washer or something…This time I noticed things like the fly screen on windows being broke, cracks on the floor, cracks to pipes…spider webs everywhere! And spiders! T_T. If I were to buy that property I would need to spend money to fix it up before living in it…

Anyways, more about the auction! As there were so many people, the auction had to be conducted outside in the public courtyard in the middle of all the units. An ‘Auctioneer’, or basically a dude with a rubber hammer came into the middle with a portable microphone and explained the process. He praised the property and highlighted again the things that he found was good about the property. Then he asked someone to make a starting bid of any amount…

Someone shouted, “480,000!” and then it went on…all the way until the price was going up by increments of 1000. He was trying to increase the price by $500. He then started listing out benefits of buying a house now, i.e. reduced stamp duty…and he would do the going once, going twice, several times…which gave just enough time for people to change their minds at the last minute…He kept using “Regret” and “In the grand scheme of things, what’s a few hundred?”. This was one auctioneer that was definitely on the side of the vendor who was selling their property. LOL.

When he did the very last ” GOING THREE TIMES…SOLD” He pumped his yellow hammer against the cardboard paper that he was holding..and everyone clapped, like it was a shoe or something.

Such an interesting experience! I don’t think I will be game enough to do an auction, I feel like I would be so tempted to outbid everyone, being one of those stupidly over-competitive people that you probably don’t like. I don’t like the idea of large crowds gathering in one place either, most people were wearing masks…but some people honestly do not know how to wear a mask. Wearing a mask does not mean your nose and mouth are showing….it doesn’t work if its hanging on your chin..

Anyway’s, time to get back to doing some real work..

It’s so hot today…but I am still going to play badminton :O