What if no-one makes an offer though ?. Does the price just come down and down until someone makes an offer. That's just a dutch auction, surely ?.
Also if someone offers £620,001 and is a cash buyer, but someone else offers £625,000 but needs to faff about getting a mortgage, can the seller decide which offer to take ?.
I thought the english system was effectively the same. You ask a figure that only a clot would offer, and in the event of a clot not materialising, you accept what ever offer you get, or take it off the market having wasted a lot of everyones time.
They do come in bits - not completely assembled. I removed one from our last house. I discovered it hadn't been assembled properly, probably why it never worked well.
Yes, the seller is not bound to accept the highest, or any, offer.
When I worked in an estate agent's office, we had the situation that we rea lly, really, wanted the lower offer to win (as we were handling the buyer's mortgage, which would bring us thousands more in commission than we got th rough the property sale).
Remember though that in the Scottish system the offer is binding on the buy er immediately it is accepted without qualification by the seller, so the b uyer had better have his mortgage already sorted out. When I bought, it was just over three weeks to do the conveyance from offer to moving in.
Although there appears to be a drip jar underneath one of the taps.
For a workshop there seems to be quite a lack of mains sockets. Some kind of compact mains outlets? Slightly clearer photo here:
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Right side a bank of outlets, left side a bank of switches? Look a bit like US power outlets, but with a central flat pin, slightly offset.
I don't see any sockets in the other photos that would be audio outlets.
The boiler appears to have 8 toggle switches, 5 indicator lamps and 2 dials.
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Controls to radiator valves perhaps?
There's a virtual tour you can see without signing up:
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and for a change it's not just a slideshow. But it doesn't show the workshop. It appears the most 'tech' in the place is a built in radio in the living room.
Well a novel idea, certainly. However you do find some funny things in buildings. A friend went to view a house once and noticed in the sitting room which had a concrete floor, not boards, some lumps. Apparently a previous occupant had installed a lathe in the sitting room, but it was not of course the living room then, and just cut the mounting bolts off and over the years it was never actually made properly level. Very odd.
I don't think there's been much done to that flat decor wise, and probably electrics and plumbing, since the 70s. There's a fireplace that dates from the 40s or 50s.
"Offers over" means "We really don't want less than this, but if we don't get any offers, we'll (have to) reduce the price." As others have said here, I'd normally expect it to go for much more than £620,000, but with Covid19 around, who knows?
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