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How do I find a bargain at auction?

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David Sandeman
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This question is part of an interview on the subject of Buying A Property At Auction

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Mr David Sandeman
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How do I find a bargain at auction?

That's a question I'm asked on a regular basis. The key to it, really, is to have the maximum choice of properties available to you. Trolling sites likes ours will tell you everything you're interested in buying, if not make sure you're contacting all the auction houses who offer properties in that type of area. The key, though, is to look for properties which aren't going to be very popular. They might be ones with building defects, which most people won't want to touch, but if you've got the know-how and can deal with it, you'll be able to buy at a bargain price. And of course a bargain price is one where you get a property at less than you were prepared to pay for it. So if you don't have to go to your maximum bid to secure it, you have a bargain by default.

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