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The Private Buyers Guide to Property Auctions and IPDS |
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| If you are new to buying at auction and are
considering searching for a home to buy, then this guide will provide
you with a general overview of how property auctions work and how IPDS can
help you in finding the right property. (The following pages are extracts from the IPDS Members Buyers Guide) If however, you still have any questions please do not hesitate to contact us - our details are provided on our About Us page |
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| For you the private buyer there are many
advantages of buying at auction over an estate agent. The main advantages of
buying at auction are.... Equal Opportunity - The property is available for sale on a set day for all interested parties so everyone can have an equal chance of buying. No Gazumping - There is no risk of being gazumped because the property is sold on the fall of the gavel and the contract is binding. Safe Purchasing - There is no danger of the vendor 'pulling out' as the contract of sale is binding as soon as the gavel falls More Choice - Auctions often offer a wider range of properties and can include repossessions or properties in need of renovation or modernisation or those who are only available for sale through an auction and which will never see a high street window. Time Saving - Because all the legal work and surveys should be completed prior to the sale you can enjoy a speedy purchase and completion. |
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