Whatever you may have seen or heard of property auctions, don’t be put off by thinking they’re only for professionals with insider knowledge of the market. With a little preparation, auctions are a great way to secure ownership of a flat, house or other building, and often at a bargain price too. Here, Mike James – working with Sussex-based Solicitors George Ide asks: Are you looking for a ‘fixer upper’? If you have the appetite for a home project that involves substantial work but will eventually give you the home of your dreams, an estate agent may not be the place for you. Rather than a property you can move in to straight away, you’ll be looking for the potential to make it your own, focusing on space, location and perhaps architectural features you can work with. Are you looking for an investment property? If you are considering becoming a buy-to-let landlord, you may wish to create added capital value by buying a large house to convert into ...
from 411HomeRepair.com http://www.411homerepair.com/diy/hiring-contractors-estimates/9926-Buying-a-property-at-auction-why-and-how.html
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