What sort of houses are sold at auction?

What sort of houses are sold 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...

When buying a property at auction, the sorts of houses you'll find at auction will generally be ones which have been offered for sale by banks which have repossessed the property, or by property companies trading on stock or local authorities. As a result, the properties may well be un-modernized and in need of work. The amount of work to the property can be just a new kitchen and bathroom, to all the way through to a full structural rebuild or possibly a complete demolition, starting again. Therefore this auctioned property is different to the general type of properties you find in estate agents, which are modernized and ready to move in to.