superfluent
Well-Known Member
- Joined
- Jan 3, 2008
- Messages
- 422
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Just venting here...again... I live in Sweden -you know the country populated exclusively with insanely hot chicks (...and a couple of lucky, ugly guys like me!).
In Sweden, buying an apartment is a bidding game. The broker sets a price for the estate that is redicilously low (not uncommon with 50% under the expected market price). It is then up to the bidders to play the bidding game. And this is where it gets interesting. There are inifnately many different theories about how to win the bidding game and no bids are legally valid until you sign the papers for the apartment (so many bidders back out when they have wone the bidding but they realize what it will cost them...).
My strategy is to set a maximum price that I feel the apartment is worth to *me* and then bid until I win or until my price limit i've set for the estate is reached.
Today I was bidding on a lovely apartment, seaside, lakewiew, 20ft celing height panorama windows etc. etc. For short -A pretty damn good apartment "for a guy running in the outer lane of life", like me ;-)
In the end it came down to me and one other bidder - we raised and reraised until I hit my limit - and at my limit, I was the one with the highest bid. The broker asked me for the details to put in the contract and I felt the insanely wierd feeling of knowing that I had made the higest bid -everyone else had backed out, not feeling it was worth the money...that feeling sucks real bad, let me tell you...
Anyway, the contract was to be signed that eavning but what happened was that at 1700 hrs, another previously unknown bidder raised the bid with *drumroll* $45k. In my book, an insane raise!
The broker called me and asked if I wanted to raise. He tried hes best to work me into just raising a little more... I just laughed and said that "you might not want to tell the buyer this, but if he had raised $1 I would have folded, however you probably want tell that to the sellers...
Oh, whell, I'm sure I'll get a nice apartment in a while...
H
In Sweden, buying an apartment is a bidding game. The broker sets a price for the estate that is redicilously low (not uncommon with 50% under the expected market price). It is then up to the bidders to play the bidding game. And this is where it gets interesting. There are inifnately many different theories about how to win the bidding game and no bids are legally valid until you sign the papers for the apartment (so many bidders back out when they have wone the bidding but they realize what it will cost them...).
My strategy is to set a maximum price that I feel the apartment is worth to *me* and then bid until I win or until my price limit i've set for the estate is reached.
Today I was bidding on a lovely apartment, seaside, lakewiew, 20ft celing height panorama windows etc. etc. For short -A pretty damn good apartment "for a guy running in the outer lane of life", like me ;-)
In the end it came down to me and one other bidder - we raised and reraised until I hit my limit - and at my limit, I was the one with the highest bid. The broker asked me for the details to put in the contract and I felt the insanely wierd feeling of knowing that I had made the higest bid -everyone else had backed out, not feeling it was worth the money...that feeling sucks real bad, let me tell you...
Anyway, the contract was to be signed that eavning but what happened was that at 1700 hrs, another previously unknown bidder raised the bid with *drumroll* $45k. In my book, an insane raise!
The broker called me and asked if I wanted to raise. He tried hes best to work me into just raising a little more... I just laughed and said that "you might not want to tell the buyer this, but if he had raised $1 I would have folded, however you probably want tell that to the sellers...
Oh, whell, I'm sure I'll get a nice apartment in a while...
H