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March 22nd, 2020

Things to keep in mind if you are buying an auctioned property

A sluggish economy, stagnant salaries and sky-rocketing real estate prices — yet nothing seems to curtail the dream of owning a home. If you are looking to acquire a property, you don’t have to limit yourself traditional channels such as real estate listings and looking for agents. Keeping track of properties on auction is another way to go. The benefits of buying at auction include expanding your options and possibly purchasing properties at a discount. You may face less competition when compared with buying the traditional way, but you will also be dealing with a different pool of potential buyers — often, experienced investors. While repossessed properties sold by banks may appear as a sleek deal, they come with their own set of risks. Read More: https://www.thehindu.com/real-estate/things-to-keep-in-mind-if-you-are-buying-an-auctioned-property/article30212403.ece

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