Are you ready to bid your way to profit? Join us as we dive into the ins and outs of property auctions!
→ Learn:
- How property auctions differ from traditional sales with immediate transactions.
- The two primary types of auctions in the UK: traditional auctions (10% deposit, 28-day completion) and modern method auctions (extended completion periods).
- How to identify credible resources for auction listings, including Auction House UK and Savills Auctions.
- To explore local councils as potential sources for auctioned properties, particularly those needing repairs.
-The necessity of reviewing the legal pack for any auction property, including title deeds and authority searches.
→ Bidding Tips:
- Be disciplined, set a budget and avoid emotional decisions
- Observe other bidders
- Be aware of potential auction fees and buyer premiums that can impact your final costs.
→ Types of Auction Properties:
- Repossessions,
- Refurbishment opportunities,
- Developable land.
Connect with us:
Socials: @thefemalepropertyexpert
Website: https://thefemalepropertyexpert.co.uk/
Links and Resources Mentioned in This Episode:
- Training Programs: https://thefemalepropexp.kartra.com/page/PropertyUnwrappedLP
- Freebies to get you started: https://thefemalepropexp.kartra.com/page/8Sd20
- Get a copy of our book on property investment: https://a.co/d/go5zlVi