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England Buy-To-Let Yield Hotspot

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Buying Auction Property

Top tips for our property investors. 5 tips for buying Auction Property outside the auction. It’s very unusual for our sourcing teams to purchase a property at auction because the rules of auction are that the exchange takes place there are then in the room which is usually not practical for clients. However, very often we will be able to buy an auction property outside the auction by either offering before, or if it fails to meet the reserve on the night. Both options can be very lucrative for the buyer but there are a few key things to be aware of if you buy an auction property even if you don’t buy whilst in the actual auction room. The advantages of buying an auction property are often that you can get a really great deal (for example we secured a property in October valued at £400k and actually purchased by the client for £255k) Remember all the searches have been done so it also means you have a fast purchase – usually the purchase is done and dusted within 4 weeks from start...