Chapter 1430 - Hot Potato (1/2)

Chapter 1430: Hot Potato

Translator: Nyoi-Bo Studio <i class="_hr">Editor: Nyoi-Bo Studio

The bids grew higher and Li Du wanted to continue bidding Just as he raised his hand to do so, the house-pickers looked at hi drastic

Li Du did not disappoint theht house-pickers who had been interested in the manor darkened

Compared to the value of the h bid at all, and neither would have 500,000 The estimated value of the manor was quite a few million It was one of theto the unspoken guidelines of the property auction trade, the hly valued a house was, the riskier it was to bid for it

The risk oneed electrical circuit or a forh-value houses, those risks were easily resolved

The higher was the value of a house, the loas the ratio of its value to the value of the electrical circuits For exaalow priced at 100,000 dollars would require a few tens of thousands for the electrical circuits to be fixed The ratio would be, therefore, ten percent To repair the electrical circuits of a million-dollar villa would cost perhaps 20,000 to 30,000 dollars, two to three percent of the price

As for the risk that a former tenant would refuse to leave, it was easier to resolve One just had to keep watch for a couple of days to see if anyone was living in the house As long as someone stayed outside to observe for two days, it would be easy enough to confirm

Lu Guan and Li Du had studied a manor like this before It could be purchased for 800,000 After refurbishi+ng, the in of 100,000 was high

However, the strangest thing happened When Li Du bid 400,000, there were sohts who shook their heads and backed out fro war

That astounded hiht that they would really be able to get a big manor of around 20,000 square feet for less than 400,000 dollars? How could that be possible?

Some people backed out, while some persisted The price continued to rise

Li Du was too lazy to spend more time there and hence, he immediately called for a bid of 500,000

Compared to the actual value of theThere was still rooo on Li Du had al 700,000 previously

Soe happened, however At 500,000, all the house-pickers backed off

They were all analyzing Li Du and wore a similar expression on their faces – a look of h they were there to watch a show Many had their ar coldly It was as though spending 500,000 on that house was considered a certain loss

Li Du could not understand He sensed the strangeness of the scene but could not fathom the reason for it

The auctioneer was the only one who still acted normal He shouted loudly, “500,000, it’s 500,000! My buddies, this is a serious bid However, it’s definitely worth it So, is there anyone willing to bid higher? 510,000, anyone?”

“Alright, seems like this price is already at the threshold So 500,000 once, 500,000 twice… is there anyone ishes to interfere? nobody? Then it’s 500,000 twice, 500,000 twice, very well, 500,000! Deal!”

The sparse applause rang out, accohter Many people looked at Li Du with ful expressions

Lu Guan walked towards hiht”

Li Du rolled his eyes and said, “I’ht Go check out what happened”

After the deal of the ents had entered the place and were pro their business cards into people’s hands, looking to represent others