Tag: online property auctions

Threats of legal proceedings to stymie property sales

I review quite a lot of legal packs for online auctions on sites like Bid X1 and others. I provide this service for would be buyers/bidders who are interested in a property for sale in an online auction. I frequently come across letters and other legal papers threatening legal proceedings against the receiver and/or Bid… Continue reading Threats of legal proceedings to stymie property sales

Bid X1 auctions-the allure of a bargain

I receive a lot of calls and queries about buying property at Bid X1 auctions. Everyone loves a bargain, and such auctions promise bargains, especially with the cheap looking guide prices. I have made a few videos about buying at a Bid X1 auction and warned viewers and potential buyers that there are certain traps… Continue reading Bid X1 auctions-the allure of a bargain

The risks of buying property with a tenant on “terms unknown”

I have repeatedly advised about the perils of buying at a Bid X 1 auction, or other online property auction. I always advise about getting the legal pack checked out. And that often a receiver will sell a property with a sitting tenant on “terms unknown”. Buying a property with a tenant on “terms unknown”… Continue reading The risks of buying property with a tenant on “terms unknown”

Buying property at BidX 1 auctions-4 things you ought to know

If you are tempted to buy property at a BidX1, or similar auction, you need to understand a few things: You might get a bargain, or you may run into a competitive auction in which case the price may exceed expectations. But remember point number 4 above. Check out my book, Buying a house in… Continue reading Buying property at BidX 1 auctions-4 things you ought to know

Online property auctions-not for everyone but..

Online property auctions, such as BidX 1, are not for everyone. But there are bargains to be had for a specific type of individual. Firstly, you need to be a cash buyer. Theoretically, a buyer could probably obtain a mortgage on an auction property but it would be extremely difficult. Secondly, you need to accept… Continue reading Online property auctions-not for everyone but..