Month: October 2015

Blog

Stay up to date with the latest news and trends in the auction industry.

Buying Distressed Property at an Auction

Auctions are a popular platform for selling and buying distressed property. A distressed sale is when the owner agrees to allow the bank to sell the property on their behalf; this happens before the owner defaults on payments and helps them avoid foreclosure. A distressed sale precedes repossession; the house will be repossessed if the […]

Blog

Stay up to date with the latest news and trends in the auction industry.

What Are the Pros and Cons of Property Auctions

An advantage of buying property on auction, although this is not guaranteed, is the fact that there is a possibility of getting a bargain; homes bought via an auction are relatively cheaper than homes bought through an estate agent. The interested buyer may be presented with an opportunity to save money although there are various […]