Friday, July 8, 2011

How To Find Property Auctions in Your Area

By John Catral


If you want to find property auctions in your area the best place to start are your local estate agents or property management companies. They will know which companies in your area specialise in selling properties at auction. At an auction you are more likely to find good value properties both residential and commercial.

The main reason people sell a property at auction is that they need to move the property quickly, which is the key reason you can find so many bargains at a property auction. However, you have to be careful when buying a property at auction to find one that does not have debts attached to it. Or if you do not mind paying off that debt you can still buy that property at auction, but should know how much that debt is and factor it into your bid.

The best property auctions have their own websites on which they advertise properties as they become available. It is wise to use those auction houses because you can keep an eye on what is coming up for auction and do some research on properties before you put bids on them.

Another easy way to find local property auctions is to do an on-line search. Just use the search term 'property auction' coupled with your postcode, town or county. Before going to a local auction find out about their fees and terms or conditions, so you do not end up with any shocks. Local estate agents can help you to understand the bidding process and fees if you are still confused.

If you see a property in your area you are interested in purchasing, contact the seller and see if they intend to send it to auction. It may be that they will be able to tell you of up and coming auctions that will have similar properties available.




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