Auction property whats the catch ? Well its always a difficult one to answer, as you have to be careful.
We were discussing the merits of this when we noticed that there was a local auction coming up and they had a potential gem on the market. With “Auction House” we noticed this three bed with plenty of potential. Keenly priced this could be a real bargain. With what appears only minor cosmetic works it could end up being a lovely family home. A great rental opportunity or even a do up and sell on.
Don’t get carried away though !!! Remember you may need to have a deposit ready , or even need to be a cash buyer. Its vital that you are aware of the rules before attending , so if you are successful you are ready.
Also have a maximum budget and whatever you do make sure you only pay what you think its worth. In advance of auction day , it is also important you view the property. And ensure that there are not any hidden surprises that could end up being costly
We will keep an eye on this one and update you accordingly