People buy at auction for lots of reasons. They may want to move quickly or they could be looking for a plot of land to build on, a repossession, or quite simply they want a quick purchase without the risk of gazumping. Also, many buyers looking for investments buy at auction as a catalogue full of properties gives them lots of opportunities to choose from.

Buying a property at auction is both exciting and potentially profitable. It avoids all of the lengthy purchasing procedures that you usually have to endure and the risk of everything falling through at the 11th hour. At an auction, as soon as that hammer falls, that's it - the property is yours. But it isn't to be undertaken lightly and it pays to do some research.

To help you decide whether you want to explore the world of auction a little further, we've listed a few of the main benefits of buying property at auction HERE.