Powerful Potential in Property
TYPES OF PROPERTIES FOUND AT AUCTIONS
This short article proposes a guide to assist you in understanding the value of the UK Property Auction market. Literally thousands of properties are available week in and week out. At any given time properties are coming under the hammer in auctions, most of which are sold at prices far below market value. This is happening throughout the UK and in the USA.
Nevertheless it's vital to know the latent pros and cons when trading at auction. Moreover, you should aim to understand where the major bargains are obtainable. The details of thousands of low-priced, repossessed, auction properties are also available at Property Auction Bargains. It’s absolutely reasonable to anticipate paying 15% to 40% less for a property at auction than you would for the equivalent property through an estate agent. For instance, at a recent auction a studio flat was sold in London for a measly £9,000.
In another, a 2 bed flat right on the south coast with a market value of up to £100,000 sold for just £14,000 at auction. And those are just a few examples of the countless bargains that individuals find at each and every week.
TYPES OF PROPERTIES FOUND AT AUCTIONS
Repossessions - Sadly for the previous owners, repossessions can often be picked up at bargain prices through auctions.
Investment properties – these are properties, which are valued due to the return on investment that they provide. Includes everything from individual office/shop investments to blocks of flats.
Badly maintained properties - Auctions are fantastic places to find properties that are in a state that causes them to be unsaleable.
It may not take a great deal of extra effort to bring them up to market condition. The attraction here is if you can get such a property in a good location at a cheap price it's perfectly possible to refurbish and resell on at handsome profits. Indeed there’re individuals and organisations that make their living doing this.
Unshakeable properties come under the following categories: Derelict or in derelict areas. Subject to severe disrepair. Subject to
local authority notices. Subject to closing orders.
Offered with ambiguous legal titles – some properties are sold with a lack of legal documentation and thus they are less desirable to the general property investor.
Sold without access. Sold with major fencing, paving, drainage or other similar responsibilities.
Sold subject to covenants or restrictions, which prevent normal use.
Exceptional properties - Include ones that have historical meaning and plots which ‘get in the way' of major development projects.
This short article proposes a guide to assist you in understanding the value of the UK Property Auction market. Literally thousands of properties are available week in and week out. At any given time properties are coming under the hammer in auctions, most of which are sold at prices far below market value. This is happening throughout the UK and in the USA.
Nevertheless it's vital to know the latent pros and cons when trading at auction. Moreover, you should aim to understand where the major bargains are obtainable. The details of thousands of low-priced, repossessed, auction properties are also available at Property Auction Bargains. It’s absolutely reasonable to anticipate paying 15% to 40% less for a property at auction than you would for the equivalent property through an estate agent. For instance, at a recent auction a studio flat was sold in London for a measly £9,000.
In another, a 2 bed flat right on the south coast with a market value of up to £100,000 sold for just £14,000 at auction. And those are just a few examples of the countless bargains that individuals find at each and every week.
TYPES OF PROPERTIES FOUND AT AUCTIONS
Repossessions - Sadly for the previous owners, repossessions can often be picked up at bargain prices through auctions.
Investment properties – these are properties, which are valued due to the return on investment that they provide. Includes everything from individual office/shop investments to blocks of flats.
Badly maintained properties - Auctions are fantastic places to find properties that are in a state that causes them to be unsaleable.
It may not take a great deal of extra effort to bring them up to market condition. The attraction here is if you can get such a property in a good location at a cheap price it's perfectly possible to refurbish and resell on at handsome profits. Indeed there’re individuals and organisations that make their living doing this.
Unshakeable properties come under the following categories: Derelict or in derelict areas. Subject to severe disrepair. Subject to
local authority notices. Subject to closing orders.
Offered with ambiguous legal titles – some properties are sold with a lack of legal documentation and thus they are less desirable to the general property investor.
Sold without access. Sold with major fencing, paving, drainage or other similar responsibilities.
Sold subject to covenants or restrictions, which prevent normal use.
Exceptional properties - Include ones that have historical meaning and plots which ‘get in the way' of major development projects.
This article is free for republishing
Source: http://www.articlealley.com/article_147593_33.html
Source: http://www.articlealley.com/article_147593_33.html
posted by Zee_1 at
6:44 AM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home