If you think buying for auction could work for you, the good news is there are fewer steps you’ll need to prepare for. Once you’ve decided on an area, it’s best to get in touch with the local auction houses, who will be able to send you a catalogue.
You’ll need to act quickly – there’s usually only a few weeks between the catalogue publication and the auction itself. In this time you might want to visit any shortlisted properties, carry out a survey on your favourite and get a second opinion on the guide price given in the auction catalogue. It’s also best to get an agreement in principle confirmed before the day of auction to prepare for the quick turnaround time.
If you’re new to auctions, it can be helpful to watch a few before you start your house search so you know what to expect.