Buying a Property at Auction? What First Time Buyers Need to Know
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Buying a Property at Auction? What First Time Buyers Need to Know
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Cheap auction listings are tempting, but is buying a property at auction too risky for a first time buyer? In this episode of M's The Word, Sarah Tucker is joined by Shelley, managing director of specialist finance, along with Jade and Gemma to explain how auctions really work and how to avoid the mistakes that catch people out.
We cover:
- What buying a property at auction actually involves
- The biggest mistakes people make
- How to answer listener Eva's question: is auction too risky for a first time buyer?
- The quickfire question: would our panel buy a property at auction?
Whether you are curious about auctions or seriously considering your first bid, this episode will help you understand the process before you commit.
Listen to the full episode and subscribe for new episodes of M's The Word.
Panel:
Sarah Tucker
Shelley, Managing Director, Specialist Finance
Jade
Gemma
This episode is for general information only and does not constitute financial advice. Your property may be repossessed if you do not keep up repayments on a mortgage or other loan secured on it.