Like any other auction, at a property auction you buy a property, when the hammer falls on your bid the property becomes yours. This way of purchasing a property, whether it is for yourself as a home or whether it is for investment purposes is a very quick. Like buying a property through an agent you will have a chance to view the property prior to the auction. First of all you need to approach a property auctioneer and request a copy of a catalogue of there up and coming auctions. Browse through this catalogue and if you see a property you like the look of arrange a viewing. Make sure you do this with plenty of time to spare before the auction, if possible. You may want to go back for a second look before the auction so viewing as early as possible is a good idea. Buying property is generally an expensive affair so being absolutely sure a property is for you is a must. As well as viewing the property it is advisable to research the area it is in. You may want to check crime rates and investigate local schools (if you have children). When you are viewing the property speak to the neighbors if you can, local estate agents may also be able to offer their opinion. You can learn how to arrange a viewing of a property being sold at auction from an auctioneer; details will probably be in their catalogue. [Read more...]