Real Estate Auctions

A property auction is less about buying cheaply than about reading risk correctly. Here we go through what to check before a first bid, in order.

We cover the order of a rights analysis, which claim sets the cut-off and which ones survive it, and what to cross-check between the register and the inspection report, using real cases. Bid pricing and what a failed round means, eviction and distribution after winning, and the tight schedule for the balance and financing are covered too.

What you take on can cost more than the winning bid. Work that out first and it also becomes clear why the lots other bidders walked away from are still on the list.