If you are looking to invest in commercial or residential property, property auctions are a great place to source building is being sold at a bargain price.
The first thing you should do after you have decided to hunt for the property by auction is to source a reputable property management company that facilitates the event. You can also take part in commercial property sales online to buy and sell commercial property online.
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If you can, talk to the property manager who worked for the company and ask them what they currently have on their books.
It pays to look around the property management company that differs in the area until you find one that has a good range of the type of property you are interested in, in the country or city you want.
Normally a decent property companies will have an online list of all of the available lots where you can check each building before you attend the auction.
Most property management companies enable surveyors to do this for you, but you have to pay for it. Some property management companies have surveyed all properties on their books, but most do not offer this service.
Make sure you sign up for email alerts if they are available (and they should), this way whenever put other property companies on the list, you will receive a notification.
If you plan to buy the property at auction bring your identification with you. The driver’s license is usually sufficient, but sometimes you need your passport.