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Ha! Yes I could very much see this happening too.
When you say get financing in place, was it just a mortgage in principle? There's not much else you can do until you've won the auction, right?
This place is a couple of streets over from us, so we know the type of house and the area really well. We are probably still going to get a surveyor round just to be certain all is ok, which could be ~£800 wasted in a few seconds if the bidding goes high, but that's the risk I guess.
Lebowski
villa-ru
We tried to. It was the next-door house - semi to ours - being sold by a housing association, so we knew all about it. Got all the finance in place and went along to the hotel for the auction. Sat through the other lots. Got very nervous.
Our lot came up - thought I'd be smart and let the early bidders duke it out before swooping in at the end.
It went past our top price in about 15 seconds.
Went home.