Buying a property at auction can be a stressful event, even if you have done it once or twice before. It is the fact that there are other people there to compete in price for a property that you have already decided you would like to buy.
That is one of the reasons why people take properties to auction – to create that emotion and build that feeling in the buyers that they may miss out; moreover it is in our nature that once we have decided we want something, we’re very likely to go after it.
This is why it is so important, as an investor, to be well prepared beforehand. Continue reading Preparing To Buy An Invesment Property At Auction