The Pros and Cons of Buying a Property at Auctions

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                                   The Pros And Cons Of Buying A Property At Auctions
                                                        By Geoff Spencer



    Buying at property auctions have benefited many people. If you have the money to invest in a home
or have access to acquire easy financing, buying at property auctions make good sense. There are
instances where you wish to invest in something which will pay you richer dividends later, then
purchases at property auctions are good. But there are good and bad sides to this. Weigh the pros and
cons and then go for it.

The Good And The Bad

So what are the benefits of the property auction ? To begin with, prices are far lower than the real
value of the property. After you buy it, you may decide to renovate it, touch it up where necessary,
remodel it for better convenience and then sell it off at a good price. You could also buy a house that
needs little retouching and then sell at a profitable margin. Of course, these properties are good for
moving in also.

If it sounds too good to be true, it is important to remember that these auctions also include the
following risks :

• How much repairing or remodeling does the house need ? if you land up spending more on the
purchase and revamping of the house than you are likely to recover after re-selling the property, then
you will incur a massive loss.

• If the house carries any lien, then the chances of making too much money on selling the same, also
decreases.

• Is it possible to buy the property straight away with ready cash? Can you arrange for quick financing
? It may not be possible for everyone, as they may not have a good credit record.

• Critical inspection of the house is absolutely essential before you buy the property to rule out any
chances of hidden problems which can be a bad financial drain on you later.

• To get a good house at the right price, you have to be at the right auction at the right time. Like you,
there are many others who are looking for a good deal.


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There are many levels of property auctions which take place. The federal government, local
governments, IRS and various state governments all have their own auctions. You may not however
be able to lay your hands on your dream home at these auctions, but if you wish to labor hard to do it
up or resell it later, then these auctions are great places to be in. These auctions are a good way to
invest your money provided you have the back ground knowledge of real estates and their prices,
locations etc. Any one can participate in this business, but if you are the right person for the job, you
will do it better than others.

Geoff Spencer is a staf writer at http://www.realestate-digest.com and is an occasional contributor to
several other websites, including http://www.onlinebusinessgazette.com.




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                          Car Auction: Pros And Cons Of Purchasing An Auto At Auctions
                                                               By Alex Baumm



 Are you used to purchasing different items at auctions? If you are, perhaps you are considering buying
a vehicle at car auctions.

You probably might know some people and investors who constantly buy repossessed and
second-hand cars at car auctions. Then, you should know that auto purchase at such occasions would
not just be practical but also could be a very wise move, investment wise.

In the United States and in almost all developed countries worldwide, regular car auctions are regularly
held at cities, towns and communities. And certainly, there are always numerous car buyers who are
lining up and bidding to purchase autos.

Through the years, there must be numerous perks and advantages to buying cars at auctions. And of
course, there are several disadvantages as well. It would be helpful if you would ponder on the pros
and cons of buying a car at car auctions. First, take a look at the following advantages.

1. Cars at auctions are usually very cheap compared to cars sold at conventional car dealerships and
distributors. That is why people who are into a limited budget are always falling into queues just to get
to almost every car auction in the community.

2. You would be able to secure and purchase the best and functionally reliable autos at car auctions.
The organizers always make sure each vehicle they sell at auctions are of high quality and are very
much in good condition for buyers to want to buy it.

3. The best car brands and models are sold at very reasonable prices.

4. There are many vintage cars that could almost pass as collectors' items that are sold at auctions.
And of course, at very cheap and reasonable prices.

After the advantages, it would be wise to also take a look at the possible and usual setbacks of buying
cars at auctions.

1. Cars are cheap because they are usually repossessed or confiscated cars. Second-hand cars sold
can also not be second hand at all, but third-hand, fourth-hand and so on.

2. Many cars auctioned are not of good mechanical condition. Some of them are just refurbished and
made to look good and functional during the auction but when the buyer finally use the cars, flaws and
damages would start appearing.

3. Most or almost all cars sold at auctions do not have warranties and insurance coverage, not unlike
their counterparts sold at traditional and formal dealers and distributors.

4. There is a possibility that you may be acquiring a 'hot' car or a vehicle that has been illegally
smuggled into the country or has been stolen and then sold to the market. You may have troubles over
the car's ownership in the future.


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Car buyers are divided on their stand on whether it is advantageous or not to purchase autos at
auctions. You would have to decide for yourself with regards to this. You may expand the given lists of
pros and cons above so that you would come up with a more informed decision as you move to buy
your own car.

When deciding on whether you would purchase an auto at auction, you can first take advice from
experts or hear feedbacks from car buyers who have already acquired cars at such auctions.

Alex Baumm. Find more tips at our car forum http://www.carclubtalk.com.




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