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Guide to buying property at Auction
Guide to buying property at Auction Downsides to buying at auction: There are downsides to buying property at auction and the main thing to watch out for is that you don’t get into a bidding war and end up paying more than your limit for a particular property. The only cost is any money invested in researching or surveying the property would be lost if you are unsuccessful in your bid. Costs of buying at auction: Auction fees which are typically around £200 – £400. Stamp duty. Solicitor costs. You are expected to pay for insurance on the property from the 1st day of ownership. Top Tips for buying at auction: Research the properties on the catalogue and create a list of the properties that you are interested in and then consider getting a survey. Insurance under one roof We are [...]



































