Did you know that every year thousands of UK properties are sold at significantly below market value? The majority of these properties are released through property auctions where regular savings of between 10% to 40% are available to market value. Even so, property auctions continue to be used only by elite and for astute buyer/investor this generates a fantastic opportunity to secure a dream home/good investment at bargain basement prices.

For example, at a recent auction a studio flat was sold in London for a mere £9,000. In another, a 2 bed flat right on south coast with a market value of upto £100,000 sold for just £14,000 at auction. And those are just a couple of examples of bargains that people do find at property auctions. However it's also important to know potential issues and problems when dealing with auctions and to understand exactly where best deals are available. If you're interested in getting into world of property auctions below tips & tricks of trade should be very helpful.

TYPES OF PROPERTIES FOUND AT AUCTIONS

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The following is a guide to help anyone unlock value available through UK Property Auctions. Thousands of homes are available at any given time with property auctions, most of which are sold at prices far below market value. However it's important to know potential issues and problems when dealing with auctions and to understand where biggest bargains are available. Details of thousands of cheap, repossessed & auction properties are also available at Property Auction Bargains.

Its perfectly reasonable to expect to pay between 15% to 40% less for a property at auction than you would for same property through an estate agent. For example, at a recent auction a studio flat was sold in London for a mere £9,000. In another, a 2 bed flat right on south coast with a market value of upto £100,000 sold for just £14,000 at auction. And those are just a couple of examples of many bargains that people find at property auctions each and every week.

TYPES OF PROPERTIES FOUND AT AUCTIONS

Repossessions – Sadly for previous owners, repossessions can often be picked up at bargain prices through auctions.

Investment properties – Properties, which are valued due to return on investment that they provide. Includes everything from individual office/shop investments to blocks of flats.

Rundown properties – Auctions are great places to pickup properties that are unsaleable in their current state. The attraction here is if you can get such a property in a good location at a cheap price it’s perfectly possible to refurbish and resell on at handsome profits. Indeed there are individuals and organisations that make their living doing this. Unsaleable properties come under following categories:

Derelict or in derelict areas.

Subject to severe disrepair.

Subject to local authority notices.

Subject to closing orders.

Offered with ambiguous legal titles.

Sold without access.

Sold with major fencing, paving, drainage or other similar responsibilities.

Sold subject to covenants or restrictions, which prevent normal use.

Exceptional properties – Include ones that have historical meaning and plots which ‘get in way’ of major development projects.

TYPES OF AUCTION

Large composite – Tend to have over 100 lots. Expect well over 300 people to attend and venue to be held in a large hotel or conference centre. Large composite auctions are likely to be run by a single auction house. The type of property may be restricted to just one (e.g. vacant possession houses, factories, warehouses etc) or may be a mixture of different types.

So is there a way to beat it? You bet! Knowledge really is power, and when we educate ourselves on how retail markets work and where and when you can pick up bargains you'll be able to save hundreds, if not thousands over course of year. For a host of money saving ideas on everything from property and finance to where you can save on top brand electronics, DVDs, clothing and more visit http://www.my-online-powerpack.com/subscribersite.htm

The Story Of Rip Off Britain

I'll bet you've talked about how UK is a consumer rip-off...perhaps you've even discussed it with your friends and family at pub. Traditionally British public did little to address high costs of living in these isles - many manufacturers capitalised on fact that Brits would pay a premium for goods and services because they valued "service" and "quality" but in actual fact both these virtues have been greatly reduced over time...yet prices for most things have continued to soar. Is that fair? Of course not, and over past decade or so public have realised this and have begun to fight back.