internet-marketing-tdfnor




Auction Realities - Tips on Buying Property at Auction


E-mail this post



Remember me (?)



All personal information that you provide here will be governed by the Privacy Policy of Blogger.com. More...



In recent years the use of an auction as a vehicle to buy or sell your property has become extremely popular says property insurance expert, Ed Nolan of http://www.primecover.co.uk Whilst this method of buying and selling indeed has its merits you might like to note the following whether you are a buyer or seller.

If you are buying at auction make sure you:-

Research the property thoroughly and ask estate agents and neighbors for their opinions. (Tip: There is nearly always a local busybody?as a neighbor to ask!)

Check the description of the lot in the catalogue is correct. Auctioneers have all sorts of disclaimers to avoid liability here.

Read the conditions printed in the catalogue and get legal or professional advice on the contact or legal pack available either from the vendors solicitors or the auctioneer.

Make financial arrangements to ensure you have the necessary deposit ready for payment on auction day when contracts will be signed and access to the remaining monies within 28 days.

As regards the description of the property make sure you know what exactly you are buying. Be wary when you see in the catalogue description not inspected by auctioneer?this can be for of several reasons i.e. there is a sitting tenant in place or there is no easy access to a particular part of the building as the staircase has been removed. Remember you are the one that is buying not the auctioneer!

If you are selling at auction make sure:-

You have a realistic expectation of what your property is worth. Dont be fooled into thinking an auctioneer can drive the price upwards in the excitement of the moment. Sure, if you are selling a very desirable property this does happen but if yours is run of the mill then forget it as it is likely to sell at a discount to a well marketed estate agency type sale

Conversely auctioneers do not like having unsold lots, it does not make their business look good. This is understandable but do not be brow beaten?in to putting a low reserve on your property one that you would be devastated if it was sold for that figure. Rather, dont enter your property in the auction if this is the case.

If your property does not sell and it appears you had bids close to your reserve this may not always be the case. An auctioneer will take bids off the wall?i.e. there is no-one bidding he is merely looking around the room and hopefully encouraging would be bidders. Dont think, therefore, that you nearly?sold it?. in reality your expectations could be a million miles away!

Watch the fees. Auctioneers generally charge a higher commission than an estate agent. A figure of 2% - 2? of the achieved price is around the norm. This is in addition to an entry fee. You will probably have higher legal fees also as your solicitors will need to prepare a contact pack for forwarding to the auctioneers prior to the sale.

Don't forget it's your responsibility to insure a property once the gavel falls as that is when the contract is made. Don't worry though you can always a residential property insurance or commercial property insurance company from the auction who will give you instant cover. However, before you do, look around the room as Primecover has a presence at the most major UK property auctions.

Ed Nolan is an property expert offering tips and advice from http://www.primecover.co.ukcasino gambling
Extra Internet Make Money
Anger The Benefits And Strategies Of Anger Management
Quit Smoking Stop Smoking Quit For Sure
All Blacks Choke On Arrogance Daily
Anger Anger Management Trauma Dissociation Resources And Help
Arcade Game Wikipedia The Free Encyclopedia
casino gambling
casino game
make extra money
Quit Smoking Laser Orlando Preparing To Quit Smoking Healing
Business Home Make Making Money Money Online
Stay At Home And Make Money
Envelope Free Make Money Stuffing
Quick Idea To Make Money
Anger Management Specialty Find A Therapist In San Diego
The Really Big List Of Classroom Management Resources
Earn Easy Make Money Ways
Free Internet
Make Easy Money Runescape
play casino online
Music Video Game Wouldn T Get Far The Elements
Ebay Make Money Using
make money online auction
Quit Smoking Reviews Product Reviews
Make Money From Home Free
Sony Playstation 2 Ps2 Video Game Cheats Codes Cheat Codes Hints Tips Tricks Secrets Faqs And
!|f\
Make Money With The Stock Market
Credit Easy Internet Make Money Ways
Recent Studies Show Which Quit Smoking Programs Work
39 Smoking Keeps You Slim 39 Myth Debunked By Oz Scientists Ani Via Yahoo India
New Ways To Ingest Nicotine And Fight It Minneapolis St Paul Star
Business Internet Make Money Online
Fulton County Lifeskills Amp Anger Management Group
Beta Tester Wanted
Anger Management Solutions For
Business From Home Internet Make Money Opportunity Work
online casino free bonus
Cs4455 Video Game Design
free casino slot game
Acupuncture Has Not Yet Proven Effective In Helping Smokers Quit Smoking
Quit Smoking Pill Journals
online casino
Best Ebay Make Money Way
free casino slot game
Email Marketing Forum
Auction Ebay Make Money
Free Secret Of How To Make Money
casino gambling
Join Free Make Money Online
How To Make Money Fast In Runescape
Estate Make Money More Real Than
Cheats Cheat Codes Faqs Walkthroughs For Ps3 Ps2 Psx Xbox
Movie Anger Management
Easiest Make Money Online Ways
Different Ways To Make Money
Internet Make Money Using
online casino
Easy Make Money Online Search
Anger Management Movie Reviews
Can Child Kid Make Money
Adult Make Money Site Web
Employers Rank Smoking As One Of Their Greatest Priority Health Issues Indiana S
Make Money With Your Own Web Site
Best In Make Money Runescape Way
How To Make Quick Money At Home
Psu S Media Lab Video Game Violence Study
Easy Ways For Teen To Make Money
Based Business Business Business Home Make Money Money Online Opportunity Prosperity
Computer Home Make Money Ways
Youtube Broadcast
Myspacescripts Com Your One Stop Site For Everything
Quit Smoking Support Forum
Day In Make Money One Quick
Courier News Online Piscataway Man Faces Jail For Breaking Into Ex Girlfriend S Home Bridgewater Courier
Health Scene Contra Costa
online casino guide
Home Home Job Make Money Online Survey Work
make money from the internet
Make Money Searching Internet
online casino free bonus
free casino slot game
Easy Fun Make Money Ways
How To Make Fake Money
real ways to make money
Business Home Internet Make Money
Video Game Development Team Item 8278223283 End Time Apr 28 06
online casino
Free How To Make Money Taking Online Survey
Sony Apologizes For Violent Video Game Games Msnbc Com
Asteroids The Classic Video Game
Make Money With A Home Business
casino slot
Extra Home Make Mom Money Work
Free Make Money Ways
Creative Ways To Make Extra Money
Email Marketing Mac
Business Make Money Off Opportunity Travel
Credit Easy Make Money Ways


0 Responses to “Auction Realities - Tips on Buying Property at Auction”

Leave a Reply

      Convert to boldConvert to italicConvert to link

 


About me

Previous posts

Archives

Links


ATOM 0.3