Are there hidden costs when buying at auction?

Are there hidden costs when buying at auction?

David Sandeman (Managing Director) gives expert video advice on: Why should I buy at auction?; How do I find a bargain at auction?; Can I view a property before the auction? and more...

Along with the usual costs of buying a property, legal, surveying costs et cetera at auction, the auctioneers charge the successful purchaser an administration fee to cover the work they do. This will be in the region of one hundred seventy five to maybe three hundred pounds depending on the auctioneer, and of course the A.T. to pay off on top of it as well.