NCAF Property Auctions
The auction side of the business is run by property auctions Scotland – and in London national London property auctions – if you are looking to sell a property quickly or buy investment homes this is a route that can assist you quickly.
Auctions are marketed as offering below-market deals. Knowing what you do, and, frequently, they do. But auctions will not be for the na?ve. These are some of the avoidable, and most common, errors.
‘Purchasing Blind’. A surprisingly large number of buyers bid on the foundation of the picture, the auction description plus some online research using Google Maps etc; particularly when it is a low priced property some distance away. Although this can be relatively common practice with new-assemble purchases, it’s not particularly wise with auction properties. Auctions aren’t, contrary to widespread understanding, high in tidy and neat properties repossessed from overstretched and youthful homeowners.
These flaws make it more difficult to sell these properties in the market that is open. A superb percentage of auction properties are ‘trouble properties’ and have not be seen by a conveyancing firms Glasgow; that is why they’re selling there. Bottom line? You have to see each property of interest personally and use a surveyor (other when compared to a mortgage lender’s) to assess for physical flaws. You have to use a solicitor at the start to assess the legals.