Why do people buy through property auction?
Speed. Certainty. Value.
There is always a huge potential to add value to a property which has been purchased through an auction.
Buying at auction is one of the fastest and most secure way of purchasing property or land. When the gavel falls, contracts are exchanged immediately with the completion set at a predetermined date. From this point on, the sale is legally binding and there is no fear of fall throughs or gazumping.