By Simon Caplin - For those of you currently taking advantage of the quick, easy, certain and transparent option buying property at one of our auctions offers, there is one very simple tried and tested rule to follow which is not to try and be too clever and bid on the day for the lot you are interested in instead of falling into the trap of thinking you might get the property cheaper after the auction.

During one of our recent sales, one particular applicant, Buyer A, had registered their interest in a particular property prior to the auction, undertook all of their due diligence but decided not to bid on the day of the auction and take a chance they would be able to buy it for less once the auction had finished. Unfortunately for Buyer A, another interested party, Buyer B, who was unable to attend the auction, also made an offer post auction whereupon Buyer A ended up successfully purchasing the property but for significantly more than they would have done had they bid on the day of the auction and met the reserve.

How would you feel if the same thing happened to you and you purchased a property for almost £10,000 more than you could have bought it for just 2 days earlier?

If the property is the one you want and is within your budget, bid for it, purchase it, walk away with a big smile on your face and reap the rewards and benefits from your investment for many years to come.

For further information and guidance on purchasing a property at auction, please contact Simon Caplin 01273 274010 simoncaplin@psandb.co.uk and or Kelly Landers 01273 274014 kellylanders@psandb.co.uk