How To Buy A House At Auction | Step By Step Guide | UK Property Investing | Ste Hamilton
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- Опубліковано 28 вер 2024
- Welcome back to another video, with me Ste Hamilton, where I talk you through step by step, how to purchase a property at auction. Subscribe to my channel for more videos like this!
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#Property #Renovation #Investment #Refurbishment
Many auction houses are unmortgagable non standard constructions. And auctioneers upload the legal packs one week beforehand, entice you in with extremely low starting price, then people tend to overpay at auctions.
Thanks, no bla bla just straight to the point. Love it
Great video, thank you.
I'm hoping to buy a house for first time at auction to hopefully yield a profit and create a portfolio of properties.
I must admit....it's very daunting to get into this for first time.
Wish I had friends in the building trade, would be much easier regarding renovations.
I would love for this to be my main job / career as I'm very depressed in my current job
On the same table
extremely useful, keep going Ste!
Loving these short tutorial vids. Slick edit guys. Nice work.
Love this channel. My fave. Everything is well explained, I'm learning so much. But can we just take a moment to appreciate the banging tunes on every single upload? I swear I can just come on here for the tunes haha 🙌🏽👏🏽
how do we go about getting a mortage for an auction
This guy doesn’t miss 👍🏼
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@@h3steven your videos are very informative and literally answers any questions I have. Keep it up mate
Great video Ste & team -
What are some reliable providers of bridging in loans?
Fantastic content as per Ste!
Buying a house at auction isn’t like it used to be to be….. I’m talking 20/30 year ago.
How do you budget the refurb costs adequately? Survey + 3 multi skilled traders visit and quotes?
EG: the refurb costs are different in different areas ... and depends on availability of traders, and your skill at negotiating a good price for the work
can you hire someone to do this entire process for the buyer ?
how do you find properties that have not sold at auction?
Hey mate. I've an mufb of 4 flats that I'm seeking to refinance, current broker not able to find deals. I'm looking to sell as is if remo not poss.
But auction sales do not let you inside to inspect in advance.
A wise man once said “only idiots don’t read the legal pack” 😉
I have been looking at a house that didn't sell at auction. going by per square foot size it should be worth 650k done up but I can't find evidence that it is worth more than 525k currently..... The problem is that it is a massive semi detached (2100 SQF) and there is almost none of them that size in the immediate area and the ones that are haven't been on the market for several decades.
if it wasn't clear I want help....... I asked the local agent who were useless valuing it as if it was a 3 bed that is half the size as that is how the other semi's are in the area.
@@Paul.simpson84 Try and find the closest matching property as close to the location as possible. You should be able to compare similar properties and work out a rough price
@@scottxgibson yes that is what I usually do, problem is that there isn’t one.
I’ve come to the conclusion it probably is worth the money but that it would take a year to sell the thing especially in this market so I’m just going to leave it for someone else.
@@Paul.simpson84 Smart move. Big houses at the moment are going to go down in demand with mortgage rates, job cuts, and domestic bills going up. I foresee smaller/cheaper houses will have more demand/competition when buying which should drive the price up. (I just rennovated and sold a two bed for 38k profit.. 20k more than I thought!)
@@scottxgibson I’m not sure I agree. If that house was a detached it would sell quickly. I think the people with the biggest issues will be first time buyers and people who want decent size mortgages with average incomes.
The best houses to do will be ones for downsizes in my opinion.
I put a bid in on an ex council house instead today.
Thanks for the advice bro. Will check out your company and reach out to you
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Production 🎯👌🏽
We’ll explained 👏👏
So basically auctions are just for investors and not people looking for a home. Should be banned
Why you can't buy auction house with cash ? I was not finding mortgage I wanted to buy with full cash😅
Fruit: you certainly can ... I had the full funds - you don't need to "get finance" but you DO need legal help
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Can you go to an auction with a pre agreed mortgage
… I asked this at the beginning of the video you answered my question
Thank you for an ABC on buying at auction, super helpful
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Did you buy one mate ? I would love to talk about your experience , im considering it
almost....The market was so expensive at that point and I could not find one place worth going for....@@girl063
Can I have free shoes plz
Hi, Awesome, very informative. How do we find property didn't sell on the auction.
Ceo: if you are in the room you will know what didn't reach reserve ... on line: you need to contact auction house and get the list of not solds - or it may be on line