How To Buy Property at Auction : The Essential Guide to Winning Property and Buy-to-Let Bargains /: The Essential Guide to Winning Property and Buy-to-Let Bargains. (2014)

• Record Type: Book
• Further Information: Note: Samantha Collett.
• Authors: Collett, Samantha
• Contents: Cover; Title; Copyright; Contents; Preface; Acknowledgements; Chapter 1: The Not So Secret World of Property Auctions; A very British love affair; The property auction adventure; How to use this guide; Secret language of property auctions; Chapter 2: Why Buy a Property at Auction?; Property auctions offer variety; Buying a bargain at auction; Auction properties offer you a 'speedy deal'; Buying property at auction is a 'done deal'; The auction room offers a transparent buying process; Chapter 3: The Business of Property Auctions; Behind the scenes at an auction house. Turning unknown properties into saleable productsAuction house stock; Property auction sellers; Statistical success; Types of auction houses; Large auction houses; Medium auction houses; Small auction houses; Types of auction buyers; Chapter 4: Finding and Viewing Auction Property; Finding an auction property; Publications; Professional subscription; Auction house mailing list; Alternative places to find repossessed property; The tell-tale signs of a repossessed property; The property auction catalogue; How to read the auction catalogue entry; Tips and tricks about the auction catalogue. Are auction properties too good to be true?What to do when you find a property you like in the auction catalogue; Viewing the auction property; Viewing arrangements; Do your homework; Pre-viewing research; Location of property -- Google it!; Actual property being sold -- check the legal paperwork before viewing; How to conduct a successful auction property viewing; Be a 'surveyor' at the property viewing; How to conduct a property survey -- a checklist; Turn detective: why is this property being sold at auction?; Top questions to ask of a property being sold at auction. Hone your detective skills -- is this property trying to hide a secret?No viewings arranged; Chapter 5: Preparation is Key to Success; To survey or not to survey?; Are surveyors worth the money?; Typical survey fee costs; Alternative to a surveyor: a trusted builder; Alternative to a surveyor and a trusted builder: a good friend!; The legal pack: be sure what you're buying is what you're buying; Study the basic legal paperwork yourself; Get a solicitor to double-check; Raising the finance: have the 'readies' ready!; How to finance auction property; Mortgage; Commercial lending; Bridging; Cash. Chapter 6: Calculating the Bid Price of a PropertyHidden buying costs; Calculating the price to pay: what is the property worth?; Research the property market; Property price trends; Ask the estate agent; Local area knowledge; Cost the works of the property; Plan the works; Schedule of works; Money talks; Cost what your time is worth; Be honest and realistic; Calculate the cost of buying at auction; Selling costs; How to calculate the bid price of an auction property; Profit margin; How to calculate yields; Rental yield; Capital yield; If the deal doesn't stack up ... walk away.
• Publisher Details: London : How To Books
• Publication Date: 2014
• Extent: 1 online resource (256 pages)
• Subjects: 300; Real estate investment; Auctions; Auctions -- United States; Auctions; Sales tax -- United States; Taxation -- United States; SOCIAL SCIENCE -- Essays; SOCIAL SCIENCE -- Reference; Auctions; Real estate investment; Electronic books; Electronic books
• Languages: English
• ISBNs: 9781845285289
• Related ISBNs: 184528528X
• ISSNs: 7768-0867
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.