Discussion thread for my upcoming German property auction.

[flavius]

autism

[Welsh]

I see a lot of other people are already flaming. Well for one, the previous threads were about a different property. Two there was so much arguing going on, it was HARD to find the previous bid.
There was a lot of confusion which needed to be avoided. It's a good thing that there is a separate thread, but I just know someone will ask a question on the auction thread.

So, I'm wondering I know this is totally off topic, but where did the other house go? have you sold it? I know you were listing it on Ebay but I didn't hear any more.

However, I like the look of this house, and I think a lot of people will be put off by the fact of people flaming, which is a shame. Hopefully people can look beyond this and judge for themselves instead of other peoples personal opinions.
I wish you good luck!

[bitcoin_bob]

I see a lot of other people are already flaming. Well for one, the previous threads were about a different property. Two there was so much arguing going on, it was HARD to find the previous bid.
There was a lot of confusion which needed to be avoided. It's a good thing that there is a separate thread, but I just know someone will ask a question on the auction thread.

So, I'm wondering I know this is totally off topic, but where did the other house go? have you sold it? I know you were listing it on Ebay but I didn't hear any more.

However, I like the look of this house, and I think a lot of people will be put off by the fact of people flaming, which is a shame. Hopefully people can look beyond this and judge for themselves instead of other peoples personal opinions.
I wish you good luck!

Good morning!

The other house is still up for grabs, but I made a deal with a friend of mine who is willing to give it a shot, her property is worth a lot less than my GF's property and she offered it up for me to 'cut my teeth' selling on the bitcoin forums. If this works I will be listing a few other properties in a few other countries, but no point if they are going to drastically undersell just because of a trust issue.

Once this one is done more exciting things to come.

[Teka]

Are the other properties based in Europe?

[Jobe7]

Suggest people quote the last bid in their current bid to prevent people from changing posts or bids after the fact.

Good idea

And all, again, these are the reasons why Bob has made this alternative 'discussion' thread before opening the auction. To give the opportunity for excellent suggestions like this, so the auction can go as smooth as possible (and with as much trust as possible). Hopefully people with similar ideas in the future will be able to grab ideas from how this auction goes.

[timmolter]

If you have any land or a house for sale in Oberbayern, I'd be interested.

[flavius]

if you get pornstars to model in front of the house i might be interested

no german ugly horse shit though

[bitcoin_bob]

if you get pornstars to model in front of the house i might be interested

no german ugly horse shit though

I would, but your mum is on a busy schedule fella.

If you have any land or a house for sale in Oberbayern, I'd be interested.

Sadly not, other houses are in France that I have, and one other in Germany.

[veox]

...

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Please don't feed the troll. There is an 'Ignore' link to the left.

[doosey2]

bob - can an american buy the house?

also - what are the annual costs if you buy the house and do nothing?

i'd like to buy it but probably won't get around to tinkering for a couple years...

[bitcoin_bob]

bob - can an american buy the house?

also - what are the annual costs if you buy the house and do nothing?

i'd like to buy it but probably won't get around to tinkering for a couple years...

Yes Americans can buy the house its actually a really easy process. The annual costs are about 200 bucks a year because the house in not inhabited.

[YaCoinYeah]

bob - can an american buy the house?

also - what are the annual costs if you buy the house and do nothing?

i'd like to buy it but probably won't get around to tinkering for a couple years...

Yes Americans can buy the house its actually a really easy process. The annual costs are about 200 bucks a year because the house in not inhabited.

I'd be interested in bidding in a French estate.

[Jobe7]

Just to add about concerns of pictures of the internal side of the house;

I've discussed with Bitcoin_Bob and the house should be considered a shell, and that bidders should consider only the land. If you were to buy the land/property it would probably be in your best interest to knock the shell down and build upon the land whatever you wished. Keep in mind that even with that thought, the property is very cheap for this auction.

An investment, or if you're a builder (or can hire builders) a likely very profitable investment (whether for resell or for living).

Assuming this auction goes well, I will talk with Bitcoin_Bob about arranging a 'Auctions to come' list.

[bitcoin_bob]

I'd be interested in bidding in a French estate.

I'll see how many chateaus and champagne vineyards I call pull out my hat for you then

Failing that I do have a small farm with just over 1.5 acres of land that I might auction off.

[NumberFive]

Do you have a "buy it now" opt? I am very interested in this property. Would like to discuss more privately if you don't mind.

[Teka]

Do you have a "buy it now" opt? I am very interested in this property. Would like to discuss more privately if you don't mind.

If you are talking about the German Property he has a buyout option. The buyout is set at 100BTC

[Jobe7]

Do you have a "buy it now" opt? I am very interested in this property. Would like to discuss more privately if you don't mind.

The auction is open (https://bitcointalk.org/index.php?topic=222896.0), try to keep bids in public view as much as possible so that everyone can see whats happening.

[doosey2]

Can you post proof of ownership like a title or deed?

[Welsh]

Could you explain in detail of how the process would go if won?

Like, meeting in person, how long it would take etc.

[Jobe7]

Can you post proof of ownership like a title or deed?

PM Bitcoin_Bob.

Could you explain in detail of how the process would go if won?

Like, meeting in person, how long it would take etc.

Most of it is at the bottom of the Auction thread (https://bitcointalk.org/index.php?topic=222896.0) but I've linked it below for you, please note that escrow is not essentially needed, as the winner can transfer the Bitcoins whilst at the actual house and signing the documents if so desired. Escrow is offered because of previous complaints/desire for an escrow. If you want to meet Bitcoin_Bob in person (assuming to conduct the sale) then you'll have to discuss that with him, keep in mind that he lives in Canada.

As to how long the process would take .. depends on how the winner goes about it, if they want to visit the house, just do everything via lawyer, use an escrow, visit Bitcoin_Bob, etc, etc, I'm going to throw out a wild guess and say a couple of weeks, though, ye, heavily depending on the wishes of the winner of the auction.

If you win:

1. On bid acceptance, you must send a deposit of 500 Euros to the notary in Germany, or the equivalent BTC to the escrow.

2. On confirmation of the deposit, a ‘purchase agreement’ is sent to you signed to show I accept your bid. You then sign the agreement to say you legally agree to buy the house.

3. You then post the original (of the agreement) to the notary and send a copy to me. You will also need to sign a ‘POA’ for the notary to act on your behalf, at your local German consul, or go to Germany. I suggest you check where the nearest German consul is before getting too involved here. If you are not prepared to travel to your nearest local German consul then this auction is not for you.

4. The deal is now legal, the notary will begin the transfer of the title. You will pay the owed funds in BTC to the escrow.

5. We will send a certificate of ‘all payments received’ to the escrow, signed and notarized. This document, when given to the German notary, is irrevocable proof that you have paid for the property and we will have no way whatsoever after that and the purchase and sale agreement has been given to the notary, to prevent the property being registered in your name.

6. The escrow transfer the funds to the seller (us) and sends the certificate of payment received, via registered email, at the same time.

Viewing
If you wish to view the property then please contact me with your name, method of travel and photo ID and I will authorize you to visit and tell the local police and neighbours you are going to be there. This will prevent your arrest. Any damage done by any visitors will be reported as criminal damage.

Taxes-120 euros a year.

 Legal fees 500 euros plus aprox 7% of the total purchase price declared for transfer tax and notary fees.

 Publicity Upon winning the auction

with the winners agreement, I will keep people updated on how the sale is going via this thread. This is to show as much transparency as possible and to show that deals like this can really happen with Bitcoin. I will ask any interested press to respect the winners privacy, unless the winner is interested in press publicity, I am happy to give a statement myself pre-completion, after that, statements may require the winners agreement.