A property auction can be a thrilling way to buy property, and snap up a bargain. 

As well as being a quick and relatively hassle free way to buy a home, the auction process is easy. You simply look through the auction catalogue, find a property you like, arrange a viewing and do some research, and show up prepared on auction day.

They aren’t just good for buying repossessed homes, it’s now possible to buy all kinds of properties at auction. However it is essential that you do your homework before trying to buy a property at auction, and you need to put a number of important things in place before you go. It does't matter what your reason for buying at auction is, the key to success is preparation.

However, before you go to auction to buy a property there's a lot of groundwork that needs to be done. A good place to start is by making a list of must haves (what you're looking for basically), then once you've found the property you'd like to buy, you now need to prepare for the auction.

To find out more, take a couple of minutes to read our step-by-step guide to what you need to do before you head to a property auction.