When considering attending a traditional property auction, there are a few things you should take into account. First and foremost, you should research the property you’re interested in as much as possible. This means looking at comparable sales in the area, checking out the condition of the property, and understanding the legalities involved in the auction process.
You should also have a realistic idea of what you’re willing to pay for the property, as auctions can sometimes get heated and emotional, leading to people spending more than they intended. Finally, make sure you have your financing in order before attending an auction, as properties are often sold ‘as is’ with no contingency for repairs or inspections.
