Home › Forums › Closed Forums › Properties or Areas › Carmel Valley Auction
- This topic has 225 replies, 17 voices, and was last updated 16 years, 9 months ago by sdnerd.
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February 11, 2008 at 8:47 AM #151785February 11, 2008 at 9:35 AM #151449zkParticipant
Well, it seems obvious to me what the story is with the high bidders failing ID checks, and I assume this is what you were implying:
Those bidders were the shills. They’d made a bid above the previous bid for the purpose of getting somebody else to outbid them. When nobody did, they “failed” their ID check and the unit was sold to the second highest bidder.
Really, what are the odds that a number of high bidders would have identified themselves as somebody else? That doesn’t even make sense. What buyer would do that and why? They wouldn’t. It’s a (legal) scam.
I don’t think the prices shooting up quickly has anything to do with it. I mean, when the price is below market, it’ll generally shoot up to near market value quickly even in a legitimate auction. But having multiple high bidders fail an ID check is an obvious scam. I don’t think that qualifies as a conspiracy theory so much as a blatent ploy by the auction company.
February 11, 2008 at 9:35 AM #151712zkParticipantWell, it seems obvious to me what the story is with the high bidders failing ID checks, and I assume this is what you were implying:
Those bidders were the shills. They’d made a bid above the previous bid for the purpose of getting somebody else to outbid them. When nobody did, they “failed” their ID check and the unit was sold to the second highest bidder.
Really, what are the odds that a number of high bidders would have identified themselves as somebody else? That doesn’t even make sense. What buyer would do that and why? They wouldn’t. It’s a (legal) scam.
I don’t think the prices shooting up quickly has anything to do with it. I mean, when the price is below market, it’ll generally shoot up to near market value quickly even in a legitimate auction. But having multiple high bidders fail an ID check is an obvious scam. I don’t think that qualifies as a conspiracy theory so much as a blatent ploy by the auction company.
February 11, 2008 at 9:35 AM #151718zkParticipantWell, it seems obvious to me what the story is with the high bidders failing ID checks, and I assume this is what you were implying:
Those bidders were the shills. They’d made a bid above the previous bid for the purpose of getting somebody else to outbid them. When nobody did, they “failed” their ID check and the unit was sold to the second highest bidder.
Really, what are the odds that a number of high bidders would have identified themselves as somebody else? That doesn’t even make sense. What buyer would do that and why? They wouldn’t. It’s a (legal) scam.
I don’t think the prices shooting up quickly has anything to do with it. I mean, when the price is below market, it’ll generally shoot up to near market value quickly even in a legitimate auction. But having multiple high bidders fail an ID check is an obvious scam. I don’t think that qualifies as a conspiracy theory so much as a blatent ploy by the auction company.
February 11, 2008 at 9:35 AM #151736zkParticipantWell, it seems obvious to me what the story is with the high bidders failing ID checks, and I assume this is what you were implying:
Those bidders were the shills. They’d made a bid above the previous bid for the purpose of getting somebody else to outbid them. When nobody did, they “failed” their ID check and the unit was sold to the second highest bidder.
Really, what are the odds that a number of high bidders would have identified themselves as somebody else? That doesn’t even make sense. What buyer would do that and why? They wouldn’t. It’s a (legal) scam.
I don’t think the prices shooting up quickly has anything to do with it. I mean, when the price is below market, it’ll generally shoot up to near market value quickly even in a legitimate auction. But having multiple high bidders fail an ID check is an obvious scam. I don’t think that qualifies as a conspiracy theory so much as a blatent ploy by the auction company.
February 11, 2008 at 9:35 AM #151810zkParticipantWell, it seems obvious to me what the story is with the high bidders failing ID checks, and I assume this is what you were implying:
Those bidders were the shills. They’d made a bid above the previous bid for the purpose of getting somebody else to outbid them. When nobody did, they “failed” their ID check and the unit was sold to the second highest bidder.
Really, what are the odds that a number of high bidders would have identified themselves as somebody else? That doesn’t even make sense. What buyer would do that and why? They wouldn’t. It’s a (legal) scam.
I don’t think the prices shooting up quickly has anything to do with it. I mean, when the price is below market, it’ll generally shoot up to near market value quickly even in a legitimate auction. But having multiple high bidders fail an ID check is an obvious scam. I don’t think that qualifies as a conspiracy theory so much as a blatent ploy by the auction company.
February 11, 2008 at 10:10 AM #151469jpinpbParticipantI had my doubts about REDC and that’s why I didn’t bother to go, besides the fact that it seems people always overbid at auctions. It doesn’t surprise me that they might have had people trying to bump up bids. That and their undisclosed reserve and right to cancel if it doesn’t meet what they want and the 5% commssion.
Suckers is right, anyone that attends these auctions thinking they’re getting some deal. Complete waste of time. Problem is too many fools are going for it. So expect to see more auctions by them for other complexes not selling so well.
February 11, 2008 at 10:10 AM #151732jpinpbParticipantI had my doubts about REDC and that’s why I didn’t bother to go, besides the fact that it seems people always overbid at auctions. It doesn’t surprise me that they might have had people trying to bump up bids. That and their undisclosed reserve and right to cancel if it doesn’t meet what they want and the 5% commssion.
Suckers is right, anyone that attends these auctions thinking they’re getting some deal. Complete waste of time. Problem is too many fools are going for it. So expect to see more auctions by them for other complexes not selling so well.
February 11, 2008 at 10:10 AM #151738jpinpbParticipantI had my doubts about REDC and that’s why I didn’t bother to go, besides the fact that it seems people always overbid at auctions. It doesn’t surprise me that they might have had people trying to bump up bids. That and their undisclosed reserve and right to cancel if it doesn’t meet what they want and the 5% commssion.
Suckers is right, anyone that attends these auctions thinking they’re getting some deal. Complete waste of time. Problem is too many fools are going for it. So expect to see more auctions by them for other complexes not selling so well.
February 11, 2008 at 10:10 AM #151756jpinpbParticipantI had my doubts about REDC and that’s why I didn’t bother to go, besides the fact that it seems people always overbid at auctions. It doesn’t surprise me that they might have had people trying to bump up bids. That and their undisclosed reserve and right to cancel if it doesn’t meet what they want and the 5% commssion.
Suckers is right, anyone that attends these auctions thinking they’re getting some deal. Complete waste of time. Problem is too many fools are going for it. So expect to see more auctions by them for other complexes not selling so well.
February 11, 2008 at 10:10 AM #151830jpinpbParticipantI had my doubts about REDC and that’s why I didn’t bother to go, besides the fact that it seems people always overbid at auctions. It doesn’t surprise me that they might have had people trying to bump up bids. That and their undisclosed reserve and right to cancel if it doesn’t meet what they want and the 5% commssion.
Suckers is right, anyone that attends these auctions thinking they’re getting some deal. Complete waste of time. Problem is too many fools are going for it. So expect to see more auctions by them for other complexes not selling so well.
February 11, 2008 at 10:12 AM #151479jpinpbParticipantI had my doubts about REDC, which is one of the reasons I didn’t attend. That and seems auctions always end up overpriced. They had the 5% fee and undisclosed reserve and right to cancel.
Too many fools attending, thinking they’re getting a deal. Stand by for more auctions in the future on other complexes that aren’t selling well.
February 11, 2008 at 10:12 AM #151743jpinpbParticipantI had my doubts about REDC, which is one of the reasons I didn’t attend. That and seems auctions always end up overpriced. They had the 5% fee and undisclosed reserve and right to cancel.
Too many fools attending, thinking they’re getting a deal. Stand by for more auctions in the future on other complexes that aren’t selling well.
February 11, 2008 at 10:12 AM #151747jpinpbParticipantI had my doubts about REDC, which is one of the reasons I didn’t attend. That and seems auctions always end up overpriced. They had the 5% fee and undisclosed reserve and right to cancel.
Too many fools attending, thinking they’re getting a deal. Stand by for more auctions in the future on other complexes that aren’t selling well.
February 11, 2008 at 10:12 AM #151768jpinpbParticipantI had my doubts about REDC, which is one of the reasons I didn’t attend. That and seems auctions always end up overpriced. They had the 5% fee and undisclosed reserve and right to cancel.
Too many fools attending, thinking they’re getting a deal. Stand by for more auctions in the future on other complexes that aren’t selling well.
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