They do pop up now and again, but they are few and far between. A further benefit of auction properties is that they are almost universally offered with vacant possession. This means that there are no chains to break and the sale can go through quickly. It is perhaps for this reason that the Institute of Surveyors and Valuers advises you not to bid for a property if you are relying on the proceeds of the sale and have not yet exchanged contracts. Though you may get the feeling that an auction is a place of spontaneity and mad impulsive purchases, which should definitely not be the case when it is property that is falling under the hammer.
Preparation is a vital component in a successful purchase at auction.
You need to research the properties, sort out your finances and be ready to quickly progress with the sale. The Move Channel is ready as ever with reviews of websites provided by businesses that are involved in the auction process. Click here to visit the appropriate section of SiteFinder . They will then provide you with details of the auction houses near you, who you can then contact directly. It is worth getting on the mailing list of any auctioneers who regularly hold sales in your area, as this helps to maximise the length of time between you becoming aware of a property and the date of the actual auction.