We know how much dent buying a house can give to our wallets and anything that can help us ease this impression will be a great thing. Have you heard of government conducted auctions? Yes they auction out houses too. Read on and find out more on how you may be able to achieve that house you want without losing so much cash.
1. Research first.
Oh yes with any purchase (specially the more pricey ones) you need to get used to researching if “un-breaking” your piggy bank is your main concern. Know the house first that are being sold by the government. If they have a list of the houses being sold try to look at all of them first before bidding.
Look into also of what comes with that house like how much is due and pending from the past (in the end you might have to pay for it and lose more). You also need to search also for the facilities included.
Is the structure of the house okay? Will it just fall down when the wind blows or will it withstand the test of time? Know how old the house is and what may be the problems with it like leaks, pipe problems or maybe infestation.
Look into price as well. Is the opening bid reasonable enough for the house? If it doubles due to a lot of bidders would it still be worth the price? Is the lot where the house is built priced correctly? Know the answers to this and you just did your homework.
Aside from knowing if the price is worth it, you might want to consider search for other options and compare all of it. Choose what would be the best house for you and for your piggy bank.
3. Wise bidder
Yes be a wise bidder. Listen to all the bidders but be quiet. Let them do all the bidding and don’t add up to the price first. If the bidding is about to end and you can afford it that is the time you can raise that arm and grab hold of that house.
The house is a serious matter to purchase. The auction by the government is the best bet to save more. Just be sure that the house you are bidding for is worth it and doesn’t have other problems hidden along with it because in the end you just might end up spending more if you buy without researching.