A GUIDE TO BUYING A PROPERTY AT AUCTION

FAQ List

What are the advantages of buying at Auction?
What does the catalogue tell me?
Are the guide prices accurate?
Should I inspect the property?
Should I have a survey carried out?
What do I have to pay on the day?
What do I need to bring with me on the auction day?
Do I need to contact the Auctioneers prior to sale?
How do I bid?
What if I am the successful bidder?
Do I have to insure the property?
What happens if the property does not sell?
What happens if I cannot attend the auction?

QUESTION: - What do I need to bring with me on the auction day?

ANSWER: - You need to bring the deposit (see above) and provide the auctioneers with identification (a drivers licence will suffice) and details of solicitors you will be instructing to act on your behalf in the event of a successful bid.