Buying a Property at Auction – FAQs

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It has become more popular in recent years for homeowners to buy their first or next property at auction.

Whilst this has long been a preferred strategy by some residential developers and landlords building a property portfolio, TV programmes such as the BBC’s ‘Homes Under the Hammer’ have generated a lot more interest in this way of buying a home for regular homeowners too, in the pursuit of getting a property at a discount price.

Some of the reasons that people look to buy their next home at auction include:

Buying at auction comes with some risks and there are many terms and considerations that should be met before taking this route. We have compiled some of the questions that we are frequently asked about the process of buying a residential property at auction, to help you decide if it’s something you want to pursue. For specific information about a potential property purchase, at auction please contact our conveyancing team for tailored advice.

 

Buying a Property at Auction FAQs

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