Craze for house auctions sets clean-up code on way
When West Aucklander Terrie Beadle found the house she loved on Titirangi's Scenic Drive, she just had to have it.
Monday, June 2nd 2003, 11:09PM
by The Landlord
They paid $335,000 at auction, but the experience left them bitter and upset.
Not only did the house need more work than was first apparent, but the way the property was sold turned them off auctions.
They felt particularly tricked by a phantom bidder.
"We felt pressured and it was a confusing situation," Mrs Beadle said. "No one explained the process to us and it was terrible.
"There was a ghost bidder there who vanished into the crowd at the end. It's a very manipulative process."
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