How to snap up a bargain at a property auction

Buying at auction can be a good way of acquiring a property quickly and cheaply. Sarah Moore explains how it works.

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You could get a bargain or an expensive mistake
(Image credit: Credit: Euan Denholm / Alamy Stock Photo)

Buying at auction can be a good way of acquiring a property quickly and cheaply. However, it can also be a complex process with a number of potential pitfalls, so there are certain things you need to keep in mind before you raise your paddle.

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Sarah is MoneyWeek's investment editor. She graduated from the University of Southampton with a BA in English and History, before going on to complete a graduate diploma in law at the College of Law in Guildford. She joined MoneyWeek in 2014 and writes on funds, personal finance, pensions and property.