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Registered or Unregistered | Table of Contents | Buying at Auction Steps |  |
Buying a home at an auction can be cheaper than other traditional routes. The types of properties that come up at auction include those that have been repossessed, are in need of renovation or left empty due to death. They are likely to need a lot of work, but even though a substantial investment is needed to renovate, the low sale cost could mean buying at an auction is cheaper in the long run.
As well as the lower cost another advantage of buying a home at an auction is the transparency of the process. At an auction the other bids are public, so you do not end up bidding more than is necessary.
Auctions are also quicker. The length of time from auction to completed sale can be as little as a month.
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Registered or Unregistered | Table of Contents | Buying at Auction Steps | |
