but those two Barnsley properties guide price £10 000 each sold at £66 000 and £67 000 at auction today
Housing market for first time buyers is strangely booming at present. Reckon there’ll be a crash in the post COVID 12 months to come though.
Nobody will give you a mortgage for buying at auction. They're for cash buyers, aka wannabe landlords. Anything like that will be done up by cowboys and then thrown on the rental market within six months.
Oh yeah, I agree - but they just put these prices on to get those cash buyers in. The houses will also almost certainly have serious problems which will cost a lot of money to fix if you actually want to live there.
I bought my 1st house December last year the house was on the market 5 days before the 1st viewing spots. There was 11 people viewing on the Saturday morning I had to go 20% above the guide price to secure. I looked at it that I needed to spend x amount in renovations and went in at a price that I wouldn’t be out of pocket once the renovations were finished with the value of the property. 6 months on and I’ve probably got 2/3 months before I can move in a lot to sort out but worth it I’ll have a 3 bed house with a smaller mortgage than if I’d of bought a 3 bed that was ready to move in.