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In this episode of the podcast, host Paul Rose delves into the world of property auctions.

Takeaways:

• Property auctions can redistribute wealth from uneducated to educated investors.
• Speed, opportunity, and transparency are key benefits of auctions.
• Understanding the two types of property auctions is crucial.
• The legal pack is the most important part of an auction deal.
• Always have a solicitor review the legal pack before bidding.
• Conduct thorough viewings and analyse potential costs.
• Set a maximum bid based on calculated numbers, not emotions.
• Pre and post-auction offers can secure great deals without competition.
• Being prepared is more important than being the highest bidder.
• Your next profitable deal may be waiting at the next auction.

Chapters:

00:00 Introduction to Property Auctions

00:56 Understanding the Benefits of Auctions

03:17 Types of Property Auctions

06:01 The Importance of the Legal Pack

10:23 Conducting Viewings and Analyzing Numbers

12:05 Setting Your Maximum Bid

13:50 Pre and Post Auction Strategies

16:01 Conclusion and Final Thoughts

Show Links:

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