Chapter 307 – Real Estate Auctions
Auction.
It is the most common way to invest in real estate.
‘Anyway, real estate.’
Taxes are outrageous.
As long as you don’t buy at a low point.
“It’s not easy to see the profit.”
“You mean it’s not as easy to buy and sell as stocks?”
“That’s pretty much it.”
House prices have doubled today!
It’s not really about eating twice as much.
You should buy with that in mind.
If you look closely at stocks, there are some that are very cheap.
‘There’s also real estate.’
It’s called feedstock.
In case the real estate is offered at a lower price than the surrounding market price due to the circumstances of the owner.
You can buy it relatively cheaply.
It is also suitable in that it does not touch the surrounding market price.
“Does the asking price go up if I buy it expensive?”
“I understand.”
“Oh~ In terms of stocks, it’s a collection.”
Are you selling real estate?
Aren’t house prices going up?
It is because it can stimulate the psychology of the head of household.
‘Accumulation also requires know-how.’
Take your time, take it slow, and take a long-term view.
However, it cannot meet the target amount by itself.
「Seoul Eastern District Court」
Other way.
It’s just an auction.
It’s pretty common for realtors.
“Wow, the court…”
“Why are you stabbing me?”
“It’s the other way round! Because I have nothing to do with this.”
Sora swallows his saliva.
It is not surprising that ordinary people are not familiar with the space called the court.
‘Therefore.’
Not disclosed to the market.
The number of participants is also limited.
In other words, the probability that I get a good sale.
“Maybe?”
“Yes.”
“I think the price will be cheaper than the market price.”
“Normally.”
Items for sale at court auction.
It is to force the debtor to cash out when he or she has no money.
What if you could sell it for the full price?
Since you haven’t come this far, it is bound to be cheaper than the market price.
‘That’s why.’
This is a cheap place to live!
There are people who think simply.
As expected, as soon as the auction started.
Urr~!
Rushing to bid
The battle of nerves to win even one bid is very fierce.
“Has the auction started?”
“Okay.”
“Something is different from what I thought…”
“It’s not a bid auction, it’s a bid auction.”
The cruise ship that Sora and I went on before.
Art auctions held there are ‘quote auctions’.
‘Raising your hand.’
It’s a common thing in movies.
A court auction is conducted only as a ‘bid auction’.
Place a bid on the property you are interested in.
The person who pays the highest price wins the bid.
———————————————+
『2019 Other 20137 Things』
[Next proceeding event]
1. 2019 Takyung 30625 Row House Multi-Housing Villa
2. 2019 Takyung 22263 fields
3. 2019 Tagyeong 24047 Apartment
+———————————————
Progress is displayed on the TV screen.
You may hear directly from the bailiff in the courtroom.
“It’s written as an incident. It’s scary…”
“I told you. It’s a debtor’s sale. It’s their property, but would you have given it nicely?”
“Ah.”
Court auction.
It should never be forgotten that this is not usually the way real estate is purchased.
‘Never.’
The bidders are waiting anxiously.
Praying that he made his first bid.
〈 Bidder Cho Sook-hee, bid price of 716 million won.〉
Soon, the voice of the facilitator is heard.
The expression on the face of the woman who succeeded in winning her bid is full of joy.
“Hohoho! I became the winning bid~.”
“Congratulations!”
“Congratulations, madam!”
“Oh, I’m envious of you buying it cheaply.”
Receive congratulations from people around you.
It is reasonable to think that the real estate was purchased at a lower price than the market price.
“I just looked for an apartment.”
“However.”
“The appraised value is 950 million. Then, didn’t he see a profit of over 200 million including tax?”
“I know.”
She had a shit asshole who thought the same way as him.
You make the same mistakes you did when you first started investing in stocks.
‘Just because the analyst says the goal is to reduce 1 million won, it’s not actually 1 million won.’
Connoisseurs are frothy.
In addition, it should be taken into account that the price is based on the general situation.
The auction ends
Nothing was successful, and it was finished without even trying.
“Are you here to watch?”
“No.”
“Or you’re trying to teach me…”
“Why me.”
“Then why did you come, you bastard?”
“This is not the place to come to win bids.”
“?”
It deserves to be questioned.
Cheap items were widely available, but why didn’t I buy one?
‘It’s a place to learn the proverb that cheap is expensive.’
You have to know that and act on it.
An apartment where Sora said he could make a profit of 200 million won.
Booooong!
Let’s go by car.
The district court was not so far away as it had jurisdiction over the nearby area.
“Oh, are you okay?”
“Okay?”
“I thought it was a strange place because the senior was so scared…”
Holding a mountain
Topographically it’s pretty good.
Even in terms of real estate location.
‘It’s good.’
There is a Dulmart nearby.
The subway station is also close, so transportation is quite convenient even if it is not to the station area.
Squeak-!
On the surface, that is.
Park the car in the parking lot
And go up to the apartment directly.
12th floor.
I didn’t even have to go inside Room 2.
You can see the scenery even from the stairway window.
“Is there a graveyard?”
“It’s a very harsh place that doesn’t need air conditioning even in the summer.”
“…”
Mountain.
It was no ordinary place.
More than dozens of cemeteries are buried.
‘If I think positively, it could be seen as the realm of the graves, but.’
I want to live with my ancestors!
If you die, you can be buried right away!
Some people may think so.
Most don’t.
─It’s the first time I’ve seen a view like this. It’s a really unique view
[A photo of the graveyard seen through the apartments.Jpg]
Is this a ancestral compound?
└ What is a tomb view haha
└ It is possible to set a table at the window and pay for a long-distance grave
└ It looks like a well-maintained tomb…
└ It’s a real otherworldly view
Residents may not like it.
Even if the market price is cheaper than nearby apartments.
“Would you like to buy it?”
“No…”
“Cheap doesn’t mean expensive for nothing.”
Items do not go out
Due to the nature of real estate, the market price is determined based on the recent sale price.
‘I really misunderstood that it was an apartment worth 900 million units.’
Ordinary people deserve it.
The woman who won the bid must have rolled her eyes because it was cheap.
“That’s why there are vendors.”
“Hmm…”
“They set the right price between the buyer and the seller.”
Market principle.
In the stock market, LPs are in charge.
Automatically fills empty order book.
‘Because real estate can’t do that.’
Someone has to jump on their feet.
It is reasonable to see profits as much as suffering.
I’m making club members.
I’m happy to hear that they give me a lot of part-time jobs, so I run to them.
But half quit.
Real estate is not as easy as it seems.
“But it’s not difficult, is it?”
“Okay?”
“I’ve never been here before, so I was mistaken.”
Difference from stock.
You may not be able to touch it yet.
Does this sound like a basic preliminary investigation?
‘That’s the basics.’
It’s only Lv1.
Under normal circumstances, these properties are subject to refusal.
“You mean no one bought it?”
“Okay.”
“That’s why you said it’s not a place to come to win a bid.”
“I’m not stupid.”
A good property is sold out quickly.
It is also difficult to see significant market gains.
The person who is aiming for the winning bid is sewage.
Or you can only pour water and pray for less competition.
‘So.’
Aiming for a bargain sale.
In court auctions, the lowest bid price drops by 20% for each failed bid.
That is, you can buy it cheaper.
To a level where the disadvantages of the sale can be tolerated.
“And I’m going to rob it well and sell it.”
“Who the hell buys an apartment with a cemetery view?”
“I’ll be leaving soon anyway, so I’ll have to convince him that I can go more comfortably once I move in.”
“Hey.”
The world is wide, and there may be people who need it.
Find such a person and sell them.
‘It’s something that can’t be done in public institutions.’
Sales strategy.
Freedom and competition are necessary for the capitalist market to function.
Sora also agreed.
However, there are still some unpleasant parts.
“Well, since I think it’s a business, I can understand…”
“It’s here.”
“Yes?”
“Why are you here today?”
Do you still think it’s easy to make money?
You can think of it as a petty grievance of the rich.
‘Because it’s not just good things for sale.’
Items on auction.
Each one has a story.
Being entangled in the lives of others is itself exhausting.
Squeak-!
We arrived at the place we were originally aiming for.
According to the review of club members, it is quite usable.
Minus one downside.
Because I couldn’t solve it, there were 3 failures.
“Three times?”
“It should be considered that the price has been cut in half.”
“If it’s cut in half…, Isn’t it worth living even if there are problems?”
Chore.
Club members are taking care of it.
Still, there was something I couldn’t do.
‘Even Soo-hyeon has limits.’
It is still in the learning stage.
I hit SOS saying I couldn’t do it on my own line.
“Are you here?”
“It’ll be right.”
“On the outside, it doesn’t look like much of a problem…”
A house that looks like it’s 10-20 years old.
Villa, where Sora and I live, is roughly that old.
‘The inside was remodeled.’
Appearance makes no difference.
It doesn’t even have a view of the other world like that apartment.
The location is also close to the station, and there is also a university nearby.
The more you look at it, the better it seems.
“Sir!
That kind of thing was overlooked 3 times.
Why is it sold at less than half of the surrounding price?
“D-Come in…”
The old iron door opens.
Inside, a scene beyond what I had imagined awaited me.
It’s good enough for Sora to close her eyes tightly.
Not because I was disgusted, but because I understood.
“This is the house where my husband and I live.”
“Ah yes.”
“The house is in the name of the child.”
“Can’t you contact me?”
“It’s been a while since we lost contact.”
Grandpa is lying in a small room.
Only her grandmother is barely moving.
Approximate situation.
As reported
What is the hardest thing about real estate?
“Should we leave the house…?”
It’s part of facing reality.
