Why Buy at Auction

Whilst there are many reasons to buy your next property via auction the primary advantage is that auctions create a level playing field where everyone openly bids against one another. Unlike traditional methods of buying property, where you are not aware of the offers being made by other buyers, auction provides transparency and equal opportunity.

In addition, auction provides you with the comfort of reliability and certainty of purchase. If you are the highest bidder and are successful once the gavel falls, you become the legal owner of the property.

Another reason to buy at auction is the reliability and certainty of purchase. If you are the highest bidder and successful, once the gavel falls, you become the legal owner of the property.

Property auctions always offer a wide variety of properties so whether you’re looking for a renovation project, your next home or seeking to add to an investment portfolio buying at auction can fulfil your requirements.

The Benefits of Buying at Auction

Speed

There is simply no quicker way to buy a property than via auction. The traditional estate agency route could take up months of your time whereas the auction process could see you holding the keys to your property in just 30 days.

Flexibility

If you have the funds readily available, the Traditional Method of auction is probably going to be your preferred route to buy, exchanging contracts as soon as the auction ends. However, if you need to secure a mortgage the Modern Method of auction will allow you to do so whilst still completing in as little as 56 days.

Transparency

At auction, you get to see the offers being made by other buyers as they happen. If another buyer places a bid higher than yours, you can react in real time and ensure that you don’t lose out on your chosen property.

Guaranteed Purchase

If you successfully place the highest bid during the auction, when the bidding closes you enter into an immediate agreement with the seller and are the legal owner of the property.

Simplicity

Once you’ve registered for an auction, placing your bid is easy. With an online auction you can bid from your phone or computer in the comfort of your own home. With a live auction you can bid in-person, via the internet, on the phone, or by proxy.

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