Auctions

[AndyEveritt]

Hi, I'm new to property and I'm in the education phase at the moment. I've been looking at local auctions and seen several houses with reserves of £20k to £30k this seems ideal as a first investment for me as something lower risk to start out. I'm obviously aware that there could be all sorts of nasties going on with these properties and I'd have to really do my research. I know houses usualy sell at auction for over the guide but by how much usualy? Realistically can you get a run down house that just needs a bit of TLC for these kinds of prices? I have a bit of spare cash and a lot of spare time but not huge sums of money to start out with so I'm looking for the best route in.

Thanks in advance
Andy

 

[benlee]

There are alternative ways to buy besides the traditional channels of searching real estate listings and working with real estate agents. You can also purchase a property at auction. You can read more at theestatekings.com