Auction Buying Tips

Don't buy a property before you've sold yours i.e. before the completion has happened - assuming you're relying on that sale to buy at the auction.

Don't buy a property without having had a survey done. Not only will you limit the potential nightmare of building problems but you'll also have a basis on which to bid, as well as knowing your mortgage limit and how much of a deposit you'll need.

Always set a price limit on the property. Don't get carried away and exceed it.

To keep things moving you'll have to juggle:

Chasing up the mortgage lender,

Hassling the solicitor (or conveyancing agent)

Chivvying the Valuer/Surveyor.

Each of them will probably be waiting for the others to move before moving themselves. You're the one who has to keep prodding them along. It only takes one of them to hold the whole process back.

Be prepared to get on their cases. No one else is in a hurry. You are (Or are you? Sometimes you don't want to move too fast. Maybe you need time to sell your current home? Or there are various other good reasons.

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