By Samantha Collet
Purchasing estate at public sale is nerve-wracking, exhilarating and will be highly ecocnomic - so long as you recognize the pitfalls to prevent. during this step by step advisor you'll examine why such a lot of profitable builders and traders purchase at public sale - and the way you should buy and benefit from estate auctions. supplying professional assistance and counsel you can be walked throughout the estate public sale procedure from begin to end - and be built with the data you must make the most of estate auctions. entire and simple to stick to, the consultant is packed filled with case reviews, specialist suggestions and watch issues for the amateur estate public sale client. The advisor positive factors: how to define public sale estate; guidance for viewing; guidance record; how one can calculate your bid expense; study the industry; increase finance; bills works; cost criminal forms; public sale sale day; after the public sale; actual stories of public sale buys; and, a listing of public sale homes.
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Extra resources for How To Buy Property at Auction: The Essential Guide to Winning Property and Buy-to-Let Bargains
Example text
We were so happy when we managed to buy our house at just less than our final bid price. We did have to do everything very quick and that was pretty stressful at times . . ’ (Brian, first-time auction buyer) CASE STUDY: STARTING YOUR OWN BUSINESS ‘I had been working at the local café for about five years when the owner had to sell due to ill health. I didn’t have the funds available to buy the business and wasn’t sure what I was going to do next. There were not many jobs available and I found it difficult to get excited about my options.
What to expect on auction day and how to bid. • What to do once you’ve won your lot . . and how to cope if you get outbid. • Real auction room stories of profit and loss to inspire and caution. • Simple steps and top tips to auction success. Throughout the journey I have included real case studies, insights, anecdotes and tips to bring the adventure to life. At the end of each chapter there is a summary of the key learnings and additional insights, tips and watch points. Anybody can buy property at auction – whether you’re a first-time buyer, looking for a new challenge after redundancy, or just wanting to make some extra money – and soon it could be you.
Catalogue entry showing a cheap auction lot. (Source: Network Auctions, 2013) Buying a Bargain at Auction Everybody loves the chance to pick up a bargain – and buying a bargain property has got to be the British dream. Media reports of cheap auction buys have fuelled the excitement of the potential savings to be had (plus the money to be made) from buying property at auction. If you do your homework right, there are plenty of property bargains to be bought. Properties sold at auction are regularly offered much more cheaply than you would find with an estate agent.