If you are looking to invest in commercial or residential property, property auctions are a great place to source building is being sold at a bargain price.
The first thing you should do after you have made the decision to hunt for the property by auction is to source a reputable property management company who facilitated the event. You can also browse this site to get great deals for real estate auctions online.
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If you can, talk to the property manager who worked for the company and ask them what they currently have on their books.
It pays to look around the property management company that differ in the area until you find one that has a good range of the type of property you are interested in, in the country or city you want.
Normally decent property companies will have a list of all of the property available online where you can check each building before you attend the auction.
If you are really interested in a building, but think there may be structural problems with the building makes sense to get a survey done.
If you plan to buy the property at auction, remember to bring your identification with you. Arrive early property auction can be competitive, so it is very crowded.
If you want a seat or be in a good view of the auctioneer, arriving early will ensure you get where you want. If you are ready to buy, make sure you take a few ways to pay the deposit to you. Checks are accepted for payment.