6 things to do before a property auction

›‘— ‡˜‡” –Š‘—‰Š– ƒ„‘—– „—›‹‰ ƒ›‘”‡—”ƒ ‰‡”š‡–ƒ–Š™‘ƒ›‡ –ƒ‘– ƒ˜—‘…‹–†‹‘Ž‡ǫ‰–—Š…›–‹ƒ‘†• —…‡”–ƒ‹ „—›‹‰ ’”‘…‡†—”‡•Ǥ ‡ Šƒ˜‡ ’—– „–‘—‰›‡‹–Š‰‡ƒ” ’‡”•‘•’‡‡”––‹ƒ›Žƒ’– ‘ƒ‹—…––•‹‘–‘Ǥ …‘‡”‡•‹ƒ†”‡‡” –™Š‹Š‡‰• ƒ›‘——…–‹‘‡‡ǣ† –‘ †‘ „‡ˆ‘”‡ ›‘— ƒ––‡† ƒ ’”‘’

HAVE 1. Research properties and auctioneers in the area 2. Arrange viewings and…‡ a›‘sk—

–Š‡ƒ†˜‡ƒ ’•”’‘‘’–Ǧ

questions

‡–‘™”–ƒ‘›”Ȍ”–ƒŠƒ‰–ȋ‡‘›ƒ”‘—˜‹Ž‡‹™‡‹ǡ…‰‘Ǥ –ƒ…–‡–•Š—‡”‡ƒ—–‘…––‹Š‘‘”Š‘‘——‰•Š‡Ǧ ŽŠ›‘ƒ‹‘†•™Ǥ’‡‹–…‘Š–›‹•–‘‹†—ƒ‡–”‘† –ˆ‹ƒ‹–•†‹•—‘‰”—”–ƒ‘™—„Š—ƒ†‹Ž–‹†›‡‰‘”—‘‡”‹‰ƒŠ›ƒ„‘‡†—‡›”†Ǧ ƒŽ–›‘ˆ”†–ƒ‘‹†…–‘–‘•––ŠƒǤ‡•ˆ’–”›Š‘‡’—‡ƒŠ”—–ƒ…›˜–‹ƒ‡‘ƒ†‡Š‡›‘”Ǥ“™—‡”—‹‡…•Šǡ ‹†–‘‹•ǯŽ–‹„‡‡Ǧ

3.ŠO‡ b’tƒa”i–n‹…a—Žƒco”•py™o‹ŽfŽ t…h‘e–aƒu‹ctio‡›n ‹paˆ‘rt”icuƒ-Ǧ

Ž–‡‹‘‰ƒŽ„’—ƒ–…›‘–—‘ ‰‡ƒ–›–Š‡‡ˆ‡—†ŽŽ–’‘‹…”–‡—“”—‡‡Ǥ •–‡ƒ”•…‡Š’‡ƒ•”ƒ”–‡

lars ‘ˆ–‡ ‹…Ž—†‡† ‹ –Š‡ Ž‡‰ƒŽ †‘…—‡–•ǡ „—– ‹ˆ ƒ—‘…–ǡ–‹ƒ‘•Ǥ ›‘‡—‰ƒ”Ž•†‘‘Ž‹…—‹–‘”‡–‘–•†…‘ƒ–Š˜‡ƒ”›„ˆ‡”ˆ‘”‡‘–Š‡ ‹’–”‘‘”’–‡‘”–Ž›‘‘–‘ ƒ‘˜‘‡–”Š–‡Š”‡Ǣ …Ž‡‘‰ƒ•Ž‹†’‡ƒ”…ƒ•ˆ‘‹”‰ƒƒ›•‘ŠŽ‹‹†…Ǧ —†’‡…‘…•‘–˜‹‡‰ƒ›‘–—• ‘”‘”Ž‡‘‘–Š’ƒŠ‘Ž›‡‘•—–Š„ƒ–”‰…ƒ‘‹—Ž‡†† ‡ˆ‘”†Ǥ

Š‹Ž‡ ‹–ǯ• ‹’‘”–ƒ– –‘ –ƒ‡ ›‘—” –‹‡ …‘Ǧ •‹†‡”‹‰ ƒ› ’”‘’‡”–›ǡ –Š‡”‡ ƒ”‡ —•—ƒŽŽ› ‘Ž›

4. Be prepared to act fast

™–ƒ‹‘ˆ‹‡ŽŽ™Š…ƒ™ƒ˜–‡‡ƒ‡Ž–‘‘‰•ƒ—„…‡‡––ˆƒ™ƒ•‡†–‡Ǥ –Š’‡—„ƒŽ—‹…ƒ–‹–‘‹‘‹‘–•ˆ‡–ŽŠˆȄ‡ ƒ›—‘…—Ǧ

5. Ask to be‘—ke…pƒt iƒnŽ-Ǧ

™ƒ›• ƒ• –Š‡

formed

ˆƒ‘—‡”‡…–’‹‡‘†›‡‘‘‡—ˆ”•ƒ‹–‘›Ǧ ƒŽ–‡‡”ƒ–†‹‘•‡ ‘– •” –‘ –Š‡ •ƒŽ‡ …‘†‹–‹‘•ǡ ‘–Š‡”™‹•‡ ‘™ ƒ• ƒ

††‡†—Ǥ ˆ ›‘‡‡—ǯ”ǡ‡ƒ•”–‡Šƒ‡ŽŽ› –‘ ‹ˆ‘” ›‘— ‹ˆ –Š‡”‡ǯ• ƒ› ’‘••‹„‹Ž‹–› ‘ˆ „–‡Š‹‡‰ ’•‘”‘Ž†’‡„”–‡›Ǧ ˆ‘”‡ –Š‡ ƒ—…–‹‘ †ƒ–‡ǡ –Š‹• Šƒ• „‡‡ ‘™ –‘ Šƒ’’‡ ‘ ‘……ƒ•‹‘Ǥ

™‹ŽŠŽ‹‹‰–‘ƒ„’‘ƒ—›–ˆ‘–Š” ‡–Š‡ ’ƒš”‘‹’‡—”–›ǡ’™”Š‹…‹‡Ž‡›ƒ‘——…–ƒ‹‘”‡

6. Set your budget

’—‡”‘ǡ ’”‡”–‘‹‡˜•ƒ–‹‘ƒ›•„ƒ‡”‡…Š—‡•ƒ—’ƒ‡Ž”Ž›–Šƒ‡‡†‡ƒ†”Ǥ‡– Ž˜‡ƒ•Ž•Ǧ ›‘—ǯ”‡ Ž—…› ‡‘—‰Š –‘ „‡ ƒ …ƒ•Š „—›‡”ǡ ›‘— ™‹ŽŽ ‡‡† ˆ‹ƒ…‡ ‹ ’Žƒ…‡ „‡ˆ‘”‡ „‹††‹‰Ǥ ™‹ƒŽŽ ‡„‡•—ƒ”‡†›…‘Š—‡…‘™™Š‹Š…Š‘™‡–Š—‘…Š† –‘Šˆ‡’ƒ†›‡’‘‡•‹– ˆ‹•—”‡†“•—–‘‹”‡„†‡ ƒ•‘˜ƒ›‹‘Žƒ—„Ž…‡ƒǤ ƒ””ƒ‰‡ ˆ‘” •—ˆˆ‹…‹‡–

-Propertymark.co.uk