Property Auction Blogs
Monday, October 15, 2007
The UK has become a country of good deal hunters when it comes to buying a UK property, according to new research. A survey found that 40% of those asked would buy atproperty auction, although not everybody is completely briefed about how the process works. This is proof by the fact that 26% stated they wouldn't have any deposit arranged, and just half would have a finance organized in advance. As well, a significant 78% did not know they would require putting down 10% of the purchase on the actual day of the auction.
The trend for buying UK Property auction is fuelled by those who believe that buying in this way would help bring down the cost of a property, they thought buying at property auction database would save money, with 9% thinking they would get over 30% off the price of a house, while half expect a saving of between a 10% and 30% off.
posted by property auctioneers @ 2:39 AM
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