About Online Travel Auctions

Posted on 05 September 2010 by admin

If you’ve never bid on airfare through an online travel auction site (websites such as SkyAuction and even Ebay), there are a few things you need to be mindful of. You can’t just jump into an auction and expect to get a killer deal on a discount flight to Cancun. Each travel auction is set up differently and has different bidding requirements. That’s why before you ever place a bid on a travel auction you need to do the following.

Research All Travel Auctions

Most online travel auctions run independently of each other. Each one has its own auction set up, bidding requirements, and terms and conditions. This means that not all online travel auctions are the same. Some require membership fees while others allow you to sign up for free but have restrictions on how you bid. It’s important to get as much information as you can about the travel auctions you find online. Read through all the information provided on each website (including “terms and conditions”) and get a feel for how you bid on airfare through each travel auction. You don’t want to sign up for a membership on a travel auction website until you have a clear idea and understanding of the bidding process. If you don’t, you could end up getting locked into a pretty sticky situation.

Browse Current Auctions

After you’ve read through each travel auction’s user information and bidding guidelines, the next step is NOT to sign up. You need to first check out a few auctions currently underway on the site. This will give you an opportunity to check out what different travel tickets are going for. You may find that the auctions have very high opening bid amounts or only offer expensive package deals that are out of your price range. Always check out the bid amounts before you even think about signing up with a travel auction site. It will save you time, effort, and money.

Compare Travel Auctions against Other Online Travel Deals

Browsing current auctions and bid amounts will give you something to compare other online airfare deals against. Travel auctions aren’t the only source for discount flights. Travel consolidators and other travel-related websites also offer great wholesale and discount rates on airfare to many popular destinations. You may even find a deal on airfare that the travel auctions just can’t beat. That’s why it’s very important for you to check out existing auction bids and compare them to other bargain travel deals you find online. It could save you a significant chunk of change in the end.

Take Warning!

Some travel auctions won’t tell you the exact airline, flight, or seat location connected to the tickets you’re bidding on until AFTER you’ve won the auction. And once you’ve won the auction, in many cases you’re locked in and stuck with whatever airline and flight times the tickets offer. So before you bid on any airline tickets, check to see if the auction discloses ALL information about the flight. If it doesn’t and you bid, you’re taking a gamble on when you’re leaving, how many layovers you’ll have, and what airline you’ll be flying.

When you book your travel plans with cFares, you know everything about the flight upfront. Don’t book your flight in the dark. Become a cFares member and find the exact itinerary you need at an affordable price.

Travel auctions are definitely a viable source for discount airfare; however, they aren’t for everyone. Before you hit the online travel auctions, do your research and see if they’ll actually help you save on your travel plans.

cFares is the first choice thousands of knowledgeable travelers are using right now to save hundreds of dollars on low airfares. For more information on travel auctions and cheap airfare, visit www.cfares.com

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Enlightening The Benefits Of An Online Property Auction

Posted on 04 September 2010 by admin

When a property comes up for sale, the traditional method would be for the buyer to meet the seller, examine the property and then decide on buying it. An auction is a sale where anything (property or material) is sold to the highest bidder and the seller gets the best price for his commodity. The buyer is able to offer a bid according to his means and the seller can wait, till the price he has in mind is bid.

With the advent of the computer and the internet, people can enjoy the benefits of online auction. This is available for buying and selling properties also. To participate in an online auction, the buyer had to bid on the internet. The good thing about online property auctions is that the buyer can surf the internet and get to know about all the available options open to him before he makes his bid. Sitting at home, a good deal of research about the auctioneers, the property and all the details related to the place can be done. He will thus be able to decide what he can afford and what he needs. The seller will be able to showcase his property over the internet and have a number of people interested in his property. Online property auctions have become quite popular. Many people participate in it.

The first step to participate in an online property auction is to register your name for online auction in the particular site. Most of the sites will keep all your information and dealings, private. You should be above the age of eighteen. You should agree to the terms and conditions outlined in the online auction methods. You have to become a member of the online auction site. You can end the agreement whenever you want to do so.

Be sure to know what the charges are. Some online auction sites are free. Others charge a certain fee. Be sure that there are not any hidden charges that you are not aware of. Most of the sites are not very expensive.

Be sure that you are fully aware of the rules and regulations before participating in the online property auction.

There are many benefits of online property auction.

The first thing is that you can participate in the auction from your home and save on time. You just need a computer connecting you to the internet and the online property auction site. You need not go to the place of the auction. This also does not include any extra costs.

If you are a seller, you will be able know what the market rates are and you can compare them with the internet rates. You will also be able to understand the different interests of a variety of people and know how they make a bid. Definitely, you will benefit from an online property auction, as you will get better prices for your property.

Very little time is taken for making the sale. It is over very quickly, since people interact over the internet and clinch the deal.

The internet opens up enormous choices for the buyer. He can do a through study of the market, the houses available, the area he is interested and of course, the price. With the information in hand, he will be able to bid for the one that most suits his needs and financial position. The bidder should not start with a high bid. He should go to higher price slowly. He should take the process of online property auction seriously. When he has to pay, he should do so immediately and not delay. The seller should also be crisp and clear in the description of the property. He should answer all the questions posed to him to make the sale.

Although the benefits of online property auctions are many, it has some disadvantages that one should be aware of.

In fraud online auctions, the property will not be represented correctly. The price will not right. Some people will not make the payment, after the auction is over. Credit card fraud is another important aspect. Credit card theft is also used in internet auctions.

The computer and the internet have many benefits. Online property auctions have become common. It is very essential that the buyer and the seller are aware of all the rules and regulations governing the online property auctions. They should adhere to the conditions that are laid down by the auction site. Of course, a thorough research should be done to know which of the sites are reliable. Then, you can reap the benefits of online property auctions.

Andy Williams writes about reverse penny auctions. Visit BidPaid.com Penny Auctions to win gadgets for just pennies, (source: ezinearticles)

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Make Money With Online Travel Auctions

Posted on 04 September 2010 by admin

If you’ve never bid on airfare through an online travel auction site (websites such as Sky Auction and even ebay), there are a few things you need to be mindful of. You can’t just jump into an auction and expect to get a killer deal on a discount flight to Cancun. Each travel auction is set up differently and has different bidding requirements. That’s why before you ever place a bid on a travel auction you need to do the following.

Research All Travel Auctions

Most online travel auctions run independently of each other. Each one has its own auction set up, bidding requirements, and terms and conditions. This means that not all online travel auctions are the same. Some require membership fees while others allow you to sign up for free but have restrictions on how you bid. It’s important to get as much information as you can about the travel auctions you find online. Read through all the information provided on each website (including “terms and conditions”) and get a feel for how you bid on airfare through each travel auction. You don’t want to sign up for a membership on a travel auction website until you have a clear idea and understanding of the bidding process. If you don’t, you could end up getting locked into a pretty sticky situation.

Browse Current Auctions

After you’ve read through each travel auction’s user information and bidding guidelines, the next step is NOT to sign up. You need to first check out a few auctions currently underway on the site. This will give you an opportunity to check out what different travel tickets are going for. You may find that the auctions have very high opening bid amounts or only offer expensive package deals that are out of your price range. Always check out the bid amounts before you even think about signing up with a travel auction site. It will save you time, effort, and money.

Compare Travel Auctions against Other Online Travel Deals

Browsing current auctions and bid amounts will give you something to compare other online airfare deals against. Travel auctions aren’t the only source for discount flights. Travel consolidators and other travel-related websites also offer great wholesale and discount rates on airfare to many popular destinations. You may even find a deal on airfare that the travel auctions just can’t beat. That’s why it’s very important for you to check out existing auction bids and compare them to other bargain travel deals you find online. It could save you a significant chunk of change in the end.

Take Warning!

Some travel auctions won’t tell you the exact airline, flight, or seat location connected to the tickets you’re bidding on until AFTER you’ve won the auction. And once you’ve won the auction, in many cases you’re locked in and stuck with whatever airline and flight times the tickets offer. So before you bid on any airline tickets, see if the auction discloses all information about the flight. If it doesn’t and you bid, you’re taking a gamble on when you’re leaving, how many layovers you’ll have, and what airline you’ll be flying.

When you book your travel plans with cFares, you know everything about the flight upfront. Don’t book your flight in the dark. Become a cFares member and find the exact itinerary you need at an affordable price.

Travel auctions are definitely a viable source for discount airfare; however, they aren’t for everyone. Before you hit the online travel auctions, do your research and see if they’ll actually help you save on your travel plans.

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Great Deal by Considering Properties for Sale at Property Auctions

Posted on 03 September 2010 by admin

Most of us aren’t able to do that. However it is still possible to get a great deal by considering properties for sale at property auctions.

Not only can you find a deal, but you can also skip the months of waiting for a property sale to go through. Sales at auction happen in minutes and you know if you’ve won the home as you walk out of the auction house.

But auctions can be incredibly intimidating events. You think watching Bargain Hunt on TV is scary – image spending hundreds of thousands at property auctions!

Here are some essential dos and don’ts.

First off, find out where and when the property auctions are in your area. Search the internet or look in your local newspaper. Most venues have regular events throughout the year, for more details visit to www.auction-words.com and will produce advance catalogues weeks before the sales. Get yourself on the catalogue mailing lists.

At this stage, it would be worth you attending one or two of the sales just to see what happen. Because you will be spending a lot of money and they can be intimidating events, it’s very much worth becoming familiar with the format.

Spend plenty of time in the auction room. Observe the auctioneer carefully, especially the way they work the bidders. Remember it’s their job to get as much for the property as they can, so watch how they play bidders off against each other. This knowledge will help you when you come to buy.

But whatever you do, don’t be tempted to bid at this stage. You are here to learn, and there is much preparation to do before you starting bidding at property auctions. Keep your hands in your pocket!

As the catalogues start to arrive, go through them carefully and pick out properties that look interesting.

Many homes offer pre-auction viewing – take advantage of this. And do your own research of the property. Ask neighbors about its history and why it’s for sale at auction and not through an estate or property agent.

You can check prices in the area with reputable property agents. Some may even have a little insider knowledge about the property… a good estate agent keeps their ear to the ground and knows the gossip!

Still interested? Carry out the usual property and land searches. Check the catalogue description is accurate and carefully read the terms & conditions of sale. And decide on the most you’re willing to pay.

Don’t be tempted to skip any of these checks, especially if you are buying an investment property. It’s easy to disregard them because you won’t be personally living there, but a bad property will be a huge financial drain on you.

So, you’re ready to buy… but before you start heading off to property auctions, you need to get your finances in order. If you are successful you’ll be expected to pay a 10 per cent deposit on the day, for more details visit to www.auctions-profits.com and the remaining 90 per cent within 28 days. Get the cash ready and have a mortgage agreed first; you could lose your deposit if the mortgage is delayed.

On the day it remembers to take two forms of ID and all your bank details. Arrive early and check for any changes to the published catalogue. Find a seat where the auctioneer can clearly see you and get ready: the fun’s about to start!

When your intended purchase comes round, make your bids clear to the auctioneer. Raise your hand or nod your head… shake it when you’ve reached your limit to show you are out of bidding.

Don’t worry if the price doesn’t reach the reserve. Sometimes homes are sold to the highest bidder anyway, so ensure you leave your details with the auction house.

And if you do win the property, it becomes your legal risk the second the hammer falls. So you’ll need to sort out insurance straight away.

Remember that buying from property auctions carries the same commitment as buying property the normal way. If your hand goes up and you bid for a property, make sure you fully understand the implications first.

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What is Online Auction Software?

Posted on 03 September 2010 by admin

No matter how talented you are, if you host your craft sale in your garage or your basement, you can be sure no one is going to be crossing state lines to come buy your stuff. In fact, your customers are likely to be limited to family, friends and the people who live in and around your neighborhood. Online auction software is innovative software that increases your online exposure tremendously and enhances your profit making capacity.

Using software to construct your own online auction site is better than using an online store, offering you flexibility through various available formats. The software provides interesting features that both buyers and sellers can make use of. Of course, there are also sites such online auction sites as eBay, which you can make use of if you do not want to host your own online auction site.

Online auction sites as well as online stores are equally effective for increasing your exposure to potential buyers but auction sites do have an edge when it comes to making more money.

Because of the inherent nature of auctions, where the goods are sold to the highest bidder, you are more likely to make a higher profit if you launch an online auction site rather than an online store that has fixed sale prices. There is several different online auction software available.

Most online auction software packages utilize PHP or ASP programming formats, which help optimize your auction site. If you do not have knowledge in the area of programming, for more detail go to: www.auction-profesional.com. then it is better that you use PHP software as the software company can more easily provide the support you will need. Users with higher technical abilities can choose whichever one they prefer.

You don’t need to worry too much about technical details to use the PHP format. This online auction software comes with detailed instructions that are simple to read and understand.

Auction software provides sellers with several useful features including accounting, easy management, tracking, aesthetics, and security. The more attractive your site, the more customers you are likely to attract.

Currently the most popular online auction service out there, eBay offers probably the largest database of products to bid on.
For more information log on to: www.auction-entrepreneur-kit.com. Leading the bidding industry ever since they started, they are today not only the most secure website that they also have a rating system to increase trust among buyers and merchants. It’s a good idea to always take a look at eBay if you want to create an online auction site for your own items. You can even put your item up for bids on eBay if you have an account.

Doing a garage sale may be simple and by selling a few old items you could make a huge amount of cash in a day. So why not spend the time to make it look more professional, put it online with the help of auction software and have the possibility to make that huge amount of cash every day? If you think about it this is like opening your own retail store but you don’t have to pay anyone for the items and you make profit on everything you sell.
www.auctions-profits.com
www.auction-o-matics.com

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Get Researching For The Best Deal From Property Auctioneers

Posted on 02 September 2010 by admin

Whether you are after a bargain investment, an unusual property with character, or the house of your dreams that you have been waiting to buy for years, buying a house from property auctioneers can work out to be great value.

As the hammer drops you can find yourself walking away with an amazing deal. But it can also go the other way – if you don’t do proper research, you can find yourself lumbered with an expensive wreck that you’ll never be able to shift.

As with much of the property buying process, the key is research. The more time you put in before laying out your hard earned cash, the better your eventual deal could be.

This attitude towards buying from property auctioneers has been confirmed by new research from a company called Auction Finance.

It discovered that 25,000 houses are sold at auction each year. Figures from the Royal Institution of Chartered Surveyors show that’s around £5.2 billion of property a year.

Auction Finance’s survey showed up to three out of four people bidding for homes at property auctioneers hadn’t even got a valuation on their potential new home.

And the company says that’s like playing Russian roulette with your money, especially if you’re not a professional property investor.

It believes that you have to have huge experience in buying from property auctioneers to be able to spot potential problems in a house just by looking round. Most people would be better off getting a survey done first.

Seeing as you might have to have three or four surveys done on potential properties, experts suggest you put a portion of your overall budget aside for surveys. It will be money well spent to discover subsidence problems before you’ve paid out hundreds of thousands of pounds.

Other advice from experts revolves around spending time on the internet finding out all the information you can. Use a good property portal to look at the prices similar houses have sold for; this will help you set an accurate price guide.

Also use search engines and council websites to check the demographics of the area. It’s pretty easy these days to find out crime statistics, flood risk and what neighboring properties sold for, even for a country property. You can also get information on the house from the Land Registry for a small fee, which is a valuable investment before you go to property auctioneers.

And it’s worth typing the address and postcode into search engines, and on local newspaper websites.

The other research you can do is pounding the streets. Visit the area at different times of the day to see what the traffic is like, if it’s affected when pubs kick out, etc. Keep an eye out for signs of crime such as boarded up windows or broken glass next to cars. If lots of houses are up for sale, ask yourself why.

Knock on neighbors’ doors and ask them about the house – you might be surprised what you will learn. Have a series of questions that you want answered, such as the recent history of the property, why it is up for sale at auction, and how well it has been looked after.

Be friendly with the people you speak to; they might be your neighbors soon! And while you are knocking on doors, remember it’s an area you don’t know. Stay safe and don’t attempt this exercise on your own.

With all of this information backing you up, you will find the process of buying from property auctioneers a lot less scary.

Visit http://www.propertytoday.co.uk for further information on properties to buy

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Looking for the Best Deals – Get Them at Online Auto Auction

Posted on 02 September 2010 by admin

Whether it be new or used, buying a new car requires plenty of thought. Nowadays there are plenty of options available to those looking to buy a car, but with the busy schedules that most of us have and only a limited amount of time, prospective buyers face a number of challenges, often having no real chance to thoroughly inspect the vehicle in order to make a judicious choice. However, one option exists today that can help to ease those difficulties, and this is all thanks to the rise of computer and internet technology. In today’s era of the information superhighway, online auto auctions are now available to everyone. By doing a simple search on the internet, prospective buyers will be able to find and benefit from the great selection of cars available of all makes and price ranges. One such site that has a full database of thousands of different cars up for bidding is Car-Auction. Individuals may also find their dream car being sold at government auctions, or even surplus auctions.

Online auctions are now a thriving business on the web. In today’s world of computers and globalization, anyone can participate in an auction while comfortably sitting at home, in the office or even at the library. Online auction sites now provide a user friendly interface and safe alternative in the process of purchasing one’s dream car. Prospective buyers can place their bid online in real time, all the while browsing through other catalogs and lists of cars. Online auction sites are useful because they save time, and there is no need to be physically present at a particular place in order to place a bid. Most wealthy people who are keen to buy top sports cars and luxury vehicles often use online auction sites to get the car they want.

Byers Automotive has created the Online Auto Auctions website which offers quality pre-owned cars and vehicles along with some highly sought after and specialist types of vehicles. Regular updates are being done on the site, and its interface is user friendly. Registration is free and Online Auto Auctions offers 24×7 customer support and service to their users.

Another added feature of Online Auto Auctions is its ability to host inter-state auto auctions. Users can also specify their bidding amount in advance for an auction while maintaining their security and authenticity. The process is simple, and the user simply needs to log into the site, browse the online catalog for the auction and then set up a proxy bid.

A proxy bid database records and stores all the proxy bids that have been placed for a particular item. The bidder will then be notified by the system via email if another bidder has outbid him.

In the past, dealers of new and used cars had to put an advertisement in the newspaper, or distribute flyers or catalogs announcing the vehicles to be sold. Today, the ease of publishing that the internet has allowed has changed each and every aspect of advertising a product. All information about an event or a product is but a mouse click away. This, in turn, has saved millions of people time and money.

Online Auto Auctions has proven itself to be quite a blessing to our society, and through the world of e-commerce, online auction sites such as this allow us to save time and money when we are looking to replace our car. Who knows? You might even stumble upon a rare discounted rate of 80% to 90% off the original cost of the item.

The article written by Zarqoo Zaimoo. Please visit Car Auction Site for more information.

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Property Auctions Akin To Poker Playing

Posted on 01 September 2010 by admin

Auctions are fascinating things to watch. All those people trying to look laid back, like they do it all the time and are not phased by prices running up into hundreds of thousands of pounds. You can buy anything at auction from Old Masters paintings to cars, from antiques to bog standard ex-Ikea second hand furniture. You can even buy auction property.


Now these ones are serious! Buying auction property is nerve-racking stuff. Those of us that are inexperienced will be the ones standing stock still, afraid to scratch our noses or glance to one side for fear of leaving with the obligation to pay for a five bedroom property in the centre of Lancashire.


This is where early arrival is essential. You can take a look through the property listing, weigh up all the competitors, decide who you think is serious and who’s just there for the fun of it. Yes, the fun of it. These people have no other life but to watch members of society take on projects that know no bounds when it comes to the work ahead.


The strange behaviour that goes on between those competing for auction property puts these bidders in a league of their own. You’ll have several to one side who are discussing the bids with someone over the phone and making the appropriate gestures when necessary.


They person on the other end of the line is tucked up at home having a cup of tea and a ginger nut and simply couldn’t be bothered to attend. Or they have Tourettes syndrome and didn’t want to come home with every auction property on offer.


The bidders in the room of the property auction will be displaying their best bored face but the constant adjustment of their auction brochures gives away a touch of their well hidden nerves. This is similar to poker players. They do not want other people to know they are interested, or believe they are on to a winning streak with the latest property bargain so the nonchalant behaviour is meant to disguise this.


The property auction begins and the man with the hammer brings the first property into play. Those interested parties will hold up their specific cards when they want to bid. Why they appear to be asking for a chicken chow mein and special fried rice is beyond me! However, eventually the hammer will fall and one gullible person has just purchased a four bedroom house with all mod cons.


The mod cons turn out to mean running water – running down the walls. The four bedrooms are a slight exaggeration after an enthusiastic DIYer constructed walls every six feet to make more rooms than originally were. The cracks in the wall turn out to be subsidence rather than dodgy plaster work and the garden has a hobo living at the bottom of it.


All these pitfalls are apparently allowed for by the seasoned attendees at property auctions and are always hailed as a roaring success and bargain of the year by the purchasers. It has to be said that many do make a fair living from buying auction property but it always pays to take advice when you are looking for somewhere yourself. And whatever happens, do not wink at the blonde in the front row unless you want the latest collection of falling down terraces.

Property expert Catherine Harvey looks at the technigue of buying auction property and what to watch out for.

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Property Auctions Explained

Posted on 01 September 2010 by admin

One of the most common methods used by property investors to get a bargain house is property auctions.

You can’t beat a lively auction as an excellent source of quick cheap property. For investors it’s essential. But auctions are also good for ordinary people who are prepared to do a bit of work and take a risk in finding a new place to live.

You have to ask yourself why houses are in property auctions in the first place. Sometimes there are entirely innocent reasons, such as the disposal of an estate after a death. But of course you also get houses up for sale that will need a lot of work done to them before they can be lived in. This may be great for investors but not for you – so go into the auction with your eyes open.

If you’ve never been to property auctions before, the best first step is to go to a couple to get an idea what happens. It can be pretty terrifying watching people bid hundreds of thousands of pounds, and if you plan to do it yourself one day you will need to be comfortable with the environment.

While sampling some auctions, you should contact auction houses to ask for their catalogue. Most of them hold regular sales and print the catalogues several weeks before, giving you plenty of time to pore through and find properties you are interested in. Many firms now make their catalogues available on the internet.

When you have found some that interest you, arrange viewings using the details in the catalogues.

Like what you see? Then get researching. Because houses in property auctions are likely to be empty, you will need to find out unlisted details about the house and area yourself. Don’t be afraid to knock on a few doors to ask the neighbours what it’s like to live there. And ask them why the house is empty and what’s happened to it in the last few years.

You should also consult property agents who will advise you about typical property prices in the area.

If you’re serious about the house, you should now pay for information. Carry out the usual property and land searches. A friendly solicitor or licensed conveyancer will make your life easier if they understand you are trying to remove as much risk as possible from the auction process.

Now you should get ready for the property auctions themselves. Re-read the catalogues of the sales you are interested in, and pay particular attention to the terms and conditions and any small print. It would be very sensible to get professional advice from your solicitor.

If you are successful in your bid for the house, you will need to pay an immediate 10 per cent deposit, so you should have that ready. Typically the remaining 90% of the purchase price is due within a fixed number of days of the sale – 21 or 28 are usual. So make sure you have a mortgage offer confirmed. Unlike the normal way of buying a house, you won’t be able to add on a week here or there if your finances hit a small glitch.

Finally, you are ready to head off to the property auctions and snag yourself a bargain. On the day itself arrive at the auction house in plenty of time, and try to stay calm. Set a clear budget for your property and try hard to stick to it. Many people have become carried away at auction by listening to their heart rather than their brain. And that’s cost them a lot of money!

If you win the property you will have a binding commitment to buy it and will probably have to sign paperwork on the spot. The last thing you want is to have to quickly arrange another £10,000 of debt because you got bid happy.

Happy bidding!

Further information about property auctions can be found at the Property Today website

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Property Auctions Explained

Posted on 01 September 2010 by admin

One of the most common methods used by property investors to get a bargain house is property auctions.

You can’t beat a lively auction as an excellent source of quick cheap property. For investors it’s essential. But auctions are also good for ordinary people who are prepared to do a bit of work and take a risk in finding a new place to live.

You have to ask yourself why houses are in property auctions in the first place. Sometimes there are entirely innocent reasons, such as the disposal of an estate after a death. But of course you also get houses up for sale that will need a lot of work done to them before they can be lived in. This may be great for investors but not for you – so go into the auction with your eyes open.

If you’ve never been to property auctions before, the best first step is to go to a couple to get an idea what happens. It can be pretty terrifying watching people bid hundreds of thousands of pounds, and if you plan to do it yourself one day you will need to be comfortable with the environment.

While sampling some auctions, you should contact auction houses to ask for their catalogue. Most of them hold regular sales and print the catalogues several weeks before, giving you plenty of time to pore through and find properties you are interested in. Many firms now make their catalogues available on the internet.

When you have found some that interest you, arrange viewings using the details in the catalogues.

Like what you see? Then get researching. Because houses in property auctions are likely to be empty, you will need to find out unlisted details about the house and area yourself. Don’t be afraid to knock on a few doors to ask the neighbours what it’s like to live there. And ask them why the house is empty and what’s happened to it in the last few years.

You should also consult property agents who will advise you about typical property prices in the area.

If you’re serious about the house, you should now pay for information. Carry out the usual property and land searches. A friendly solicitor or licensed conveyancer will make your life easier if they understand you are trying to remove as much risk as possible from the auction process.

Now you should get ready for the property auctions themselves. Re-read the catalogues of the sales you are interested in, and pay particular attention to the terms and conditions and any small print. It would be very sensible to get professional advice from your solicitor.

If you are successful in your bid for the house, you will need to pay an immediate 10 per cent deposit, so you should have that ready. Typically the remaining 90% of the purchase price is due within a fixed number of days of the sale – 21 or 28 are usual. So make sure you have a mortgage offer confirmed. Unlike the normal way of buying a house, you won’t be able to add on a week here or there if your finances hit a small glitch.

Finally, you are ready to head off to the property auctions and snag yourself a bargain. On the day itself arrive at the auction house in plenty of time, and try to stay calm. Set a clear budget for your property and try hard to stick to it. Many people have become carried away at auction by listening to their heart rather than their brain. And that’s cost them a lot of money!

If you win the property you will have a binding commitment to buy it and will probably have to sign paperwork on the spot. The last thing you want is to have to quickly arrange another £10,000 of debt because you got bid happy.

Happy bidding!

Further information about property auctions can be found at the Property Today website

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