How To Buy Unsold Property At Auction

17 Oct

unsold auction property

If you’re one of those people who tend to avoid buying property at auction because:

a) you don’t trust yourself and think you may be tempted to sell your knickers on eBay to get a final bid in;

b) you think property auction prices are so *hot* you as may as well save the rubber on your shoes for doing something useful, like propping up a bar, or;

c) you haven’t got a clue how to find a property auction even if you had TomTom in your right hand,

Then this blog post will help you.

In the last few days there have been a number of property auctions held across the country and in some cases the properties entered for sale did not reach their reserve. That is, the lowest minimum price the vendor was willing to accept was not met.

What this means is the property is now listed as ‘UNSOLD’ however, in a twist of irony – that means the auction property is STILL FOR SALE

And now, after auction, these *unsold properties* have their reserves’ disclosed.  This means you know what price the property is available at.  No more guessing, no more ifs, buts and maybes and trying to out-smart what another bidder may bid.  Now’s your chance to swoop and buy.

Unsold property at auction

The reserve price you see, is the price you pay.

Think of it like a ‘Buy It Now’ feature on eBay – this is the property auction equivalent.

So if you fancy bagging yourself a bargain, there’s plenty of stock still for sale at these property auction rooms with everything from churches to cheap terrace properties, development opportunities, bits of land, family homes, London bonk batchelor pads to even a Pizza Hut.  Literally there is something for everyone – and they’re dotted all over the country.

So dive in and grab yourself an unsold property bargain:

MS Auctions

Barnard Marcus Auctions

CBRE Auctions

Sharpes Auctions

LSH Auctions

Auction House

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