A Guide to Buying an Online Real Estate Auction Property

1. Why buy a property from Worldwide Property Auctions?

• All of the featured Properties represent great value for money in today's market.
• All of the properties we feature are of a clean and respectable nature.
• We don't charge a buyers fee.

2. What are the advantages of buying property at Auction?

• This gives you, the buyer, a great opportunity to buy a property a below the market value.
• When the right price is achieved, you know it's yours.
• There are no complicated chains.
• The completion of the sale is negotiated between you the buyer and the seller..
• There is a wide range of properties available to bid on at the touch of a button.
• Your purchase price is negotiated by you, the buyer and the seller.
• This ia an open and secure method of buying property in a simplified environment in the comfort of your own space.
• All legal documentation is the responsibility of the seller and buyers are recommended to use a lawyer..
• There are no hidden costs.
• There is no hard sell and you are in complete control of the whole process.

3. Who can buy at Auction?

• Anyone can buy at our Online Auction providing you have the initial required deposit available (discussed below). The website is global and anyone can bid from anywhere, hence the name 'Worldwide Property Auctions'. All bids are put forward to the owners and once a bid is accepted the sales can proceed from there.

4. How do I bid online for a property?

• Bid on your selected property using our Make An Online Bid for this Property link accompanying every property in our database.
• Your bid will be forwarded onto the relevant owner or agent for consideration.
• You can inspect the property at any time and arrange a valuation if you need one, you can contact us for help in how to arrange this.
• If you are the successfull bidder then you will need to contact the owner or agency direct to make the appropriate arrangements direct with them regarding deposits and completion dates - WWPA do not get involved in the selling or buying process..
• And remember, if you have been unsuccessful then - please try again

Please note that whilst Worldwide Property Auctions have taken every conceivable precaution to ensure the property and its details are correct, we can not be held liable for any misleading information given by the property vendor or agent. Properties are bought via Auction at the buyers risk and the buyer is deemed to have taken legal and professional advice prior to purchase.

 

5. What is a Guide Starting Price ?

• A guide starting price is what we expect to start the bidding price from, this is detailed by the vendor and the current market.

6. What is the Reserve Price ?

• In agreement with the vendor a minimum sale price is set, this is known as the Reserve Price. It has been known that vendors do sometimes lower their reserve price. All reserve prices are in confidence with the vendor. Vendors occasionally lower their prices so it's worth checking back regularly.

7. How can I pay for my property?

• If you are successful then you will be contacted by the owner who will make the appropriate arrangements for you to leave a deposit and begin the legal process. We also have the ablity to arrange mortgage advice for customers wishing to buy a property abroad.

8. How do I bid online?

• Bidding on line is very simple and straightforward. Search through our auction property and find the property that you would like to bid on. Underneath every property in the auction section is a link to place a bid online "Make An Online Bid for this Property" simply click on this link and complete your details.
  
  NB: Your bid will need to be higher than any previous online bid if shown. We will then pass your bid onto the vendor and inform you of their decision. If the vendor accepts your bid then they will contact you directly and the buying process will begin.

10. Can I view the Properties for Auction?

• Yes, simply contact us to arrange a suitable viewing date and time with the vendor. This will be arranged directly with the vendor or agent.

11. Do you arrange inspection tours?

• We do not arrange inspection tours but we can arrange for viewings and assistance with finding flights and accommodation locally. Some of our agents do offer inspection trips but are for specific locations in specific countries. Contact Us for more information

13. How long before I complete the sale?

• The sale process can normally completed within 1-2 months but in extreme cases this can be extended. Many factors can influence the completion date and this is typically related to the country in which you are buying.

14. What are the costs of buying at Auction?

• Other than your normal legal costs - which your lawyer will advise you of there are no further costs involved. Worldwide Property Auctions do not charge any fees to the buyer and entrance to the auction is free of charge with no need to become a member. We at Worldwide Property Auctions process all enquiries manually to combat illegitimate bidding.