Dutch Auctions
Submitted by visitor on Wed, 30/07/2008 - 17:02.
Just lost a rental property i had offered full asking price on and had
been told landlord had accepted the offer. Call today informing me i
was now in an auction and "what was i prepared to offer to secure the
place". i offered more, improved length of contract i would sign for
but lost out to a "couple" (read friend of Foxton's employee) who were
offering less money. i had set in motion a chain of events which
affected at least 4 other people when i thought the place was secure
which is the kind of human collateral damage these "people" are immune
to. Their lack of a rental reservation policy ensures that gazumping
and blind auctioning can take place and transparency and good old
fashioned "my word is my bond" agreements can go out the window . DO
NOT TRUST THEM. My only hope is that the credit crunch ruins the
bastards - as it has in the US - and makes the lot of them homeless.
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