The property market in Southampton offers buyers options to purchase homes through traditional agents as well as property auctions. For those interested in the latter route, this guide will outline everything you need to know when bidding for a home at auction. Auctions provide opportunity for first-time buyers and investors alike to access properties below market value if you do your research. Viewings allow inspection to identify any repairs needed. Consider factors impacting value like location and potential rental yield. Research sold prices for comparable homes to estimate market value and set a sensible maximum bid. Auctions move fast so know your limit and don’t get swept up in bidding wars. Access free sites comparing sold auction prices locally. Thorough due diligence is a must when purchasing this way. Check for any outstanding loans, taxes owed or legal disputes before bidding. Use the services of an auction solicitor specializing in conveyancing to handle important pre-auction paperwork checks for a small fee. Understand terms of sale which vary between auction houses. Most require a deposit payment on the day with completion usually within days. Finance and surveys should be arranged well in advance if relying on a mortgage to fund the purchase. Some auctions allow proxy or online bids if you can’t attend in person. Ensure contact details are correct and bid limits clear to your proxy bidder to represent you effectively on the day. Don’t forget additional purchase costs like taxes, surveys and solicitor fees on top of the winning bid price. A 10% deposit is standard with the balance due on completion.
charming bungalow, ideally situated within easy reach of alresford town centre, with convenient public transport
*superb and spacious 3/4 bed link detached family home in the highly sought after area
the house was built in the mid 1970s as a small group of ex farm
3 bedroom property for salenewly renovated village houseadded > 14 days by helmores
merryfield road, monkwood, alresford, hampshire, so24houses for sale in monkwood roadflats for sale in monkwood
a magnificent and classical grade ii listed family house. hockley house this is a
4 bedroom detached house for sale residential bungalow - the large canopy porch and front