"Buy foreclosure property? Here it is... before you doing like this... bla.bla.bla... " This is sound that we often hear from friends who either experienced or not in the foreclosure property. Notwithstanding the nonsense, I attach below 7 tips to buy auction property. Please read the tips below.
1. Before buying a foreclosure house, make the property search officially at Land Office involved, visit the auction house and if the developer can go to the office to get further information. (This is sometimes things can be done, sometimes developers ignore... what can we do find another way!)
2. Contact Auctioneer for the declaration of the auction to get further advice from a lawyer to get all information.
3. In addition, you also may be appropriate to review their own auction house and take pictures of property that, then, the most important thing is to come to place auctions on time .. Early coming is very good.
4. On auction day, bidding must provide 10 percent of the reserve price of property or home, whether in the form of bank draft or cash. Check often not accepted.
5. do not forget to quote the original identity card and bring 2 copies of identity cards.
6. If you send someone as representative, both the original identity card and letter of authority that allows him to be representative for the auction must be brought.
7. If you send a representative, the representative must also bring money to pay between 10 per cent of the purchase price and signing sales contracts.
Thanks for reading this 7 tips as general knowledge only. Based on my experience, this tips is mandatory and be out. Lastly, get a good advice from experts and enjoy your bidding!
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