Buying property through auction: what you need to know

Buying property through auction: what you need to know

Whether you're a pro or new to buying property, it can be a daunting experience with various obstacles along the way. However, buying at auction offers many benefits to homebuyers that you may not expect, including enhanced security and transparency to keep you in control and informed every step of the way.

These benefits ensure that buying at auction is no longer just for the experienced investor. However, as more and more property sales are completed via auction each year, it's increasingly important that buyers can sort the facts from the fiction and truly understand the auction process.
We reveal three of the most common misconceptions buyers can face when considering an auction property:
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Saleability is about more than just securing an offer—it’s the journey from listing to handing over the keys. Higher-value homes often face smaller buyer pools, tougher lending checks, and longer chains, which can make completion harder. Success lies in preparation: realistic pricing, organised paperwork, and clear communication to keep the process

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