Auctioning property

[john69]

How do I go about auctioning a mortgage-free property for which I can't find a buyer? Does it have to be done through a bank?

[Briggsy]

@john69

 

No idea but I do know the favourite pastime at Thai auctions is bidder collusion closely followed by bidder intimidation. Please take care to have a reserve price.

[blackcab]

Moved to the Real Estate forum.

[blackcab]

You can't auction it yourself, as auctioning is a job that is reserved for Thai nationals only. What part of the country is the property in?

 

You will find that if you reduce the price by 10 per cent each week you will soon sell it. Property that is priced attractively soon sells.

[blackcab]

An off topic comment has been removed.

[Khaeng Mak]

Pm me the details and price.

[baansgr]

Collingbournes in Pattaya do property  auctions. You could try marketing  an open day with offers, see what response you get

[john69]

17 hours ago, blackcab said:

You can't auction it yourself, as auctioning is a job that is reserved for Thai nationals only. What part of the country is the property in?

 

You will find that if you reduce the price by 10 per cent each week you will soon sell it. Property that is priced attractively soon sells.

Thanks, blackcap. The property is near Sattahip. I didn't know only Thai nationals can do auctions. 

Edited March 11, 2019 by john69
grammatical issues

[john69]

3 hours ago, baansgr said:

Collingbournes in Pattaya do property  auctions. You could try marketing  an open day with offers, see what response you get

Thanks, Baansgr! I wasn't aware that Collingbournes auctions houses. We will contact them.

[mauroest]

On 3/11/2019 at 6:11 AM, baansgr said:

Collingbournes in Pattaya do property  auctions. You could try marketing  an open day with offers, see what response you get

Collinbournes and who else in Pattaya ?    the owner disappeared and the judge decided to put the condo up for auction

[baansgr]

On 3/11/2019 at 9:45 AM, john69 said:

Thanks, blackcap. The property is near Sattahip. I didn't know only Thai nationals can do auctions. 

have you tried marketing in the Navy base.... Also Search magazine in Sattahip is good and all in Thai

[john69]

On 3/14/2019 at 6:50 AM, baansgr said:

have you tried marketing in the Navy base.... Also Search magazine in Sattahip is good and all in Thai

Thanks baansgr. Do you mean that Navy people may be interested in such a property?