I think I must have some issues. Who walks into a property, sees it for 10 minutes and then decides to buy it? Although in my self-defence, it was an auction.
The facts:
1. Spent 10 to 15 minutes seeing the place
2. No lawyer/solicitor lined up
3. No finance
4. No building checks or strata report done
It all started when I saw this place, it looked alright and pretty decent so I figured yeah why not, I’ll give it a go. Handed over my drivers license. Got my bidder registration card and sat down.
Next thing you know, all the other bidders fled before the auction even started. It was down to me and one other person. Auctioneer looks down at me rather menacingly “would you like to start the bidding sir?”
“Uh, sure….”, in the most uncertain voice I could muster. I name a price.
“Going once…… going twice…….”. Here I am looking around frantically looking for someone to save my day.
“SOLD!!!” – before I could even open my mouth.
Congratulations, blah blah blah was the response I get. Please sign here. Next thing you know, I’m stuck with a huge mortage.
Oh well, the way I see it, it’s like buying a very expensive tshirt with a credit card. Except you can’t return it. Well, you can, but you’d be losing your very expensive car with it.
This is me looking stunned after the auction:

i dont believe you . i know how smart you are with money.
By: billy on 18 November 2009
at 11:03 pm
Sorry to disappoint you Billy. Why don’t you stop by next time to see my blunder!
By: Jasper on 19 November 2009
at 2:25 pm
Did you get it for a good price at least?
By: meev on 12 February 2010
at 9:55 am
Congrats ( on both accounts!!)!!!!!( Joe K is a babblemouth, what can I say
?)
By: Charmaine on 23 February 2010
at 5:09 am