Tidylife

Interior & Lifestyle

  • Home
  • Shopping
    • My Directory
  • About
    • Work With Me
  • Home Inspiration
    • Kitchens
    • Bathrooms
    • Bedroom
    • Flooring
    • Furniture
    • Home Office
    • Lighting
  • Home Improvements
    • Furniture Makeovers
    • DIY
  • Lifestyle
    • Beauty
    • Cars & Motoring
    • Eco
    • Family
    • Fashion
    • Finance
    • Fitness/Running
    • House Plants
    • Kids stuff
    • Money Saving
  • Home Maintenance
  • Nav Social Icons

  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

General · November 27, 2019

Property Auctions 101: How To Buy A Home At Excellent Value

If you ask anyone who has recently bought a home what they found most trying about the process, the chances are that they will have a list of complaints as long as your arm. From the horrors of finding yourself in a chain to the miseries of being gazumped, there is no shortage of stress to be had when you’re house-hunting. So if you’re looking to find the right property for you, you might be cheered to know there’s an option that avoids the main drawbacks of home-buying. 

property auctions

Property auctions are surprisingly under-discussed outside of speciality property shows and magazines, but they offer an alternative to the seemingly endless process of viewing possible homes, putting in offers and waiting for completion. Indeed, if you find a place you like, then an auction may well be the quickest way to be the proud owner of a new home. Keep the following tips in mind, and you could find something ideal.

You can’t do too much research

Property houses release their catalogue ahead of an auction – usually a few weeks in advance – and this allows you to know what is available, where. From here it is often possible to arrange a visit on any house that takes your fancy, which you should attend with a handyman or handywoman in tow. They’ll be able to give you an idea of the extent of the works needed and the cost – which should still bring the overall final cost to much less than buying a house on the market.

Be ready to move fast … in more ways than one!

Some of the houses in an auction catalogue may be snapped up before the auction takes place, so it is wise to be in contact with the auctioneers from the start. If you see a house you like and its reserve price is promisingly low, you might be able to make an offer and buy it yourself without going through the auction. You need to be prepared, though; ensure you can get a mortgage or pay in cash; contact someone to see when a rubbish removal can be carried out; and be ready to take ownership of the house as soon as possible.

Know the rules of the auction

The rules behind buying a house at auction are largely straightforward and quite standardised; for example, you’ll rarely need to pay the full sale price once your bid is accepted, just a deposit. However, each auctioneer will have their own list of rules (in case of the deposit, that might be 10% and it might be more). Reading and digesting the rules ahead of time can ensure that you’re able to be flexible, which is a strong advantage to have in an auction situation. It may even be worth attending an auction even if there’s nothing you intend to buy; getting a feel for the process and a head for the terms is invaluable.

Buying a house at auction may not seem like the obvious way to find your dream home – but with a bit of research and the right connections, you could find a real bargain.

Featured post

© Copyright 2019 Antonia, All rights Reserved. Written For: Tidylife

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)

Posted By: Antonia · In: General

Simple Saving Tips
Stylish Decor Ideas For Decorating The Perfect Guest Room

You’ll Also Love

Quick Guide to Buying Jewellery Online
Safeguarding your lead flashing on your home
Yale Smart Home SecurityHow smart home security is making our life easier

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

CommentLuv badgeShow more posts

Primary Sidebar

Hello! I'M ANTONIA I launched Tidylife to provide interior, garden & lifestyle inspiration. Love home decor and budget friendly improvements? Me too! You'll find them all here. Plus decorating, styling & upcycling ideas. I also love to share fitness, fashion & beauty features, so I hope you enjoy visiting Tidylife.

Subscribe to my newsletter

Name

Email


Copyright © 2025 Tidylife · Theme by 17th Avenue

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept All Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT