Buying a property at auction is guaranteed to get the pulses racing
and a great way to snap up a bargain. For the experienced it's an excellent source of investment property and a real boon
for first timers seeking to build up a portfolio.
For the inexperienced it can be a daunting prospect but do remember you
can buy auction property without going to the auction.you may well find yourself hooked and eager to return to the fray. Don't
worry we'll lead you through it and our constant monitoring of forthcoming property auctions provides members in depth coverage of all key sales.
Government
Surplus:ex-MOD and ex-council houses, Property: Government bodies, local authorities, receivers, executors, banks and building societies
who have made repossessions, and many others besides now sell property at auction. Prices start from literally £2,000. Houses,
Flats, Land, Commercial and Investment Properties,Workshops, Studios, Warehouses, Offices, etc.This is such a huge area that
we do have 2 other sites dedicated to the property market. www.propertyenquiries.co.uk & www.repossessed-house-sales.co.uk
Bankruptcy & Liquidation: Sales of buildings & housing from companies in receivership: To pay
creditors, all their assets are auctioned
Private Treaty: Details from agents and liquidators acting
on behalf of companies in receivership who want to dispose of their assets.
Properties to be auctioned are typically instructed
by:
Insolvency Practitioners -
assets from liquidations, receiverships and bankruptcies HM Customs and Excise
- confiscated and impounded property Finance Companies and Bailiffs
- repossessed houses Government Departments - excess
and surplus property Trustees and Executors - from the winding
up of estates, etc. Auctioneers - specialist sales held at the
auctioneer's saleroom or at a dedicated outdoor site Solvent companies still trading
- surplus assets due to relocation, restructuring Building
Societies and Banks - repossessed
residential and commercial properties
All types of properties can purchased through auction sales. These sales are going on in the UK now!
