Choices.co.uk - property auctioneers

[joko]

anyone had any dealings with this company? are they ok?

my mate contacted them after seeing a reposessed house for same for £39,000, in a very nice area, (needed renovation) but you would expect to pay much more for a house there - (its the same area a lot of footballers live) and when he called, they said theyd show him round it etc, the very next day it was sold for £37,000 and they were so sorry but why didnt he join their agency for £250 subscription fee which gives acces to all their properties for a lifetime...but at the end of first year if you are still looking it become £5-vat per month...

somethign about this seems dodgy to me... could the property be just a 'tempter' to get you to pay the subscription? then you never hear from themagain? why sell it for £2,000 less if they have others interested...?
seems like theyre trying to tempt people into believing they will get a bargain,

what do you think?

thanks

[bednobs]

it sounds dodgy to me. if they are auctioneers, why didn't it go to auction?

[Maydup]

Do we believe there really was a house that sold for £37k? I don't.

Nor do I believe anyone needs to pay a subscription to be sold to. Advise your mate to go elsewhere. Manther agencies will happily sign him up and notify him of repossessed houses for no fee at all.

[Maydup]

^^ typo day today!

Many other agencies....

[beastmonkey]

as an auctioneer with over ten years experience, we do not tend to sell things for a low value, as we earn our money from a percentage of the sale price, therefore it is in our best interest to get the highest price possible.

whilst properties at auction, sometimes (and bear this in mind NOT all the time) are sold for less than if they were put on the market in the normal manner, auction houses do not charge people to receive details of forthcoming sales.

Alot of properties sold at auction are usually due to repossession/death if the client eg bank/solicitor were to ask the auction house, how are you trying to get us best price at auction and the response was we only sell to those who subscribe to our database the bank/solicitor would soon be looking for a new auctioneer to use, as they would not be getting the correct exposure to the market place.

All in all it sounds dodgy, there are plenty of property auctioneers around, so tell your friend to google it, and remember companies like savils hold their auctions in london, but sell property all over the uk, so just because there are no local auctions selling properties, doesn't mean they won't becoming up for sale elsewhere in the country.