There are 3 major advantages to buying your property at a property auction. They include:
- Better investment opportunities. Interested bidders are given the opportunity to buy investment Properties which could have been offered to a selected number of buyers through a private tender or private treaty.
- More organised. Legal documents pertaining to the sale of the property would be available before the day of purchase for the buyer’s inspection. Furthermore, the contracts of sale can be signed and can exchange hands on the day of the property auction.
- Hassle free. All offers on a property would be done publicly, allowing buyers to be aware of what others are offering. There is no need for the buyer to worry about any sudden surprises cropping up at the last minute, such as the seller backing out.