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Buying property at auction is nerve-wracking, exhilarating and can be hugely profitable – as long as you know the pitfalls to avoid. In this step-by-step guide you will learn why so many successful developers and investors buy at auction – and how you can buy and profit from property auctions.
Offering expert tips and guidance you will be walked through the property auction process from start to finish – and be equipped with the knowledge you need to profit from property auctions.
Comprehensive and easy to follow, the guide is packed full of case studies, expert tips and watch points for the novice property auction buyer. The guide features: how to find auction property; tips for viewing; preparation checklist; how to calculate your bid price; research the market; raise finance; costs works; check legal paperwork; auction sale day; after the auction; real tales of auction buys; and, a directory of auction houses.
Author Biography
Samantha Collett is the “poster girl” of property auction success; she started in 2004 with 15k and within three years had amassed a multi-million pound portfolio – 94% of which was bought at auction. She is an active property investor and loves sharing her auction stories in her popular multi-award winning blog What Sam Saw Today: Confessions of a Property Developer, which has been featured in The Telegraph Top 10 property blogs. Sam successfully set up and later sold her property lettings agency and won the prestigious NLA Women in Property Award (West Midlands) 2010. She writes a property column in the Evening Standard and lives in Hertfordshire.
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