Four tips to remember when buying at an auction

Four tips to remember when buying at an auction


Posted 25th Sep 2018

If you're thinking of buying at an auction, plan ahead by following these tips to make sure you get the bargain for you

1. You can get a great bargain at an auction, but it will pay to know what you're looking for before you go. Contact the auction house and request their catalogue, so you can see what properties catch your eye.

2. View any of the houses you're interested in and do thorough research by talking to the neighbours and local estate agents.

3. Carry out the usual property and land searches and read the conditions printed in the catalogue.

4. Lastly, plan ahead and have a mortgage in principle before buying. You'll need to have a 10% deposit ready for payment on the day of the auction when the contracts are signed, and access to the remaining amount within 28 days.

Feature and styling by Laurie Davidson / photos by Simon Whitmore






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