{"id":26038,"date":"2025-06-13T06:10:47","date_gmt":"2025-06-13T05:10:47","guid":{"rendered":"https:\/\/www.businessmole.com\/?p=26038"},"modified":"2025-06-12T16:09:10","modified_gmt":"2025-06-12T15:09:10","slug":"property-auctions-revealed-expert-advice-on-buying-homes-for-less-than-market-value","status":"publish","type":"post","link":"https:\/\/www.businessmole.com\/property-auctions-revealed-expert-advice-on-buying-homes-for-less-than-market-value\/","title":{"rendered":"Property Auctions Revealed: Expert Advice on Buying Homes for Less Than Market Value"},"content":{"rendered":"<p data-start=\"2753\" data-end=\"2936\">House prices may have risen by 6.4%* over the past year, but for savvy buyers, opportunities still exist to snap up discounted homes \u2013 if they\u2019re willing to explore the auction route.<\/p>\n<p data-start=\"2938\" data-end=\"3255\">Auction specialist Dominic Farrell argues that traditional estate agency listings and platforms like Rightmove or Zoopla rarely feature truly discounted properties. He describes property auctions as a kind of wholesale outlet for real estate, where buyers can access substantial savings compared to the retail market.<\/p>\n<p data-start=\"3257\" data-end=\"3415\">One notable success story involved a property purchased for \u00a375,000 and mortgaged six months later at a valuation nearly 50% higher \u2013 with no work done to it.<\/p>\n<p data-start=\"3417\" data-end=\"3693\">He explains: <em data-start=\"3430\" data-end=\"3693\">\u201cIn essence, this three-bedroom, freehold terraced house in an excellent rental area was purchased prior to auction at \u00a375,000. Other properties \u2013 albeit smaller, two-bedroom houses \u2013 were for sale with local estate agents at \u00a3110,000 and \u00a3125,000 respectively.<\/em><\/p>\n<p data-start=\"3695\" data-end=\"3953\"><em data-start=\"3695\" data-end=\"3953\">\u201cAfter six months, the property was conservatively mortgaged at 47% higher than the purchase price, without any refurbishment or renovation. By any standards, this is an exceptional acquisition, but not in the distressed assets world of property auctions.\u201d<\/em><\/p>\n<p data-start=\"3955\" data-end=\"4134\">Farrell details his strategies in the third edition of his bestselling book, <a href=\"https:\/\/www.amazon.co.uk\/Property-Auctions-Repossessions-Bankruptcies-Properties\/dp\/1739354931\/ref=monarch_sidesheet_title\"><em data-start=\"4032\" data-end=\"4103\">Property Auctions: Repossessions, Bankruptcies and Bargain Properties<\/em><\/a>, which has just been released.<\/p>\n<p data-start=\"4136\" data-end=\"4493\">The guide lays out clear and practical frameworks for investors to assess opportunities, shortlist prospects, and understand the ins and outs of bidding and buying. It also offers detailed insights into funding options and legal considerations. Real-world examples provide evidence of the kinds of savings investors have achieved by following these methods.<\/p>\n<p data-start=\"4495\" data-end=\"4799\">Farrell adds: <em data-start=\"4509\" data-end=\"4799\">\u201cWhatever your interest in property investment; whether you want a quick return or maybe to fund your retirement long term, property auctions will give you the skills to achieve your financial goals, and not just in rising markets but all market conditions; rising, falling or stagnating.<\/em><\/p>\n<p data-start=\"4801\" data-end=\"4938\"><em data-start=\"4801\" data-end=\"4938\">\u201cThere is no better place to purchase below market value properties, whether to hold for the long term or develop, add value and sell.\u201d<\/em><\/p>\n<p data-start=\"4940\" data-end=\"5091\"><em data-start=\"4940\" data-end=\"5011\">Property Auctions: Repossessions, Bankruptcies and Bargain Properties<\/em> is available now on Amazon for \u00a314.99, with the Kindle edition priced at \u00a39.99.<\/p>\n<div><strong>Excerpts from recent reviews<\/strong><\/div>\n<div><strong>\u00a0<\/strong><\/div>\n<div><em>\u201cWant to invest in property? Invest in this first!<\/em><\/div>\n<div><em>\u00a0<\/em><\/div>\n<div><em>\u201cThis book is not only great for auction bidders, anyone with interest in properties will gain tremendously from it.\u201d<\/em><\/div>\n<div><em>\u00a0<\/em><\/div>\n<div><em>\u201cI&#8217;d recommend it to anyone looking to invest in properties.\u201d<\/em><\/div>\n<div>\n<em>B.M.\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/em><\/div>\n<div><\/div>\n<div><em>\u201cWritten for anyone who wants to unravel the mysterious world of property auctions. Pure gem.<\/em><\/div>\n<div><em>\u00a0<\/em><\/div>\n<div><em>\u201cWith Dominic&#8217;s help and guidance I have since done multiple auction deals and will continue to do business with him.\u201d\u00a0<\/em><\/div>\n<div>\nMr. J. Khan<\/div>\n<div><\/div>\n<div><em>\u201cVery easy to read and a depth experience from the author.<\/em><\/div>\n<div><em>\u00a0<\/em><\/div>\n<div><em>\u201cThis book is a must read for anyone entering the property investment market, particularly those looking to buy at auction. While it excels as an auction guide, it also provides valuable knowledge for all property investors.\u201d<\/em><\/div>\n<div>\nDamian<\/div>\n<div><\/div>\n<div>(Full details of these reviews and many more can be found on Amazon.)<strong>\u00a0<\/strong><\/div>\n<div><\/div>\n<div><strong>About the author<\/strong><\/div>\n<div><\/div>\n<div>Dominic Farrell has been an active property developer and investor for several decades, buying and selling hundreds of properties in the process. For the past 17 years he has focused almost exclusively on sourcing distressed assets at property auctions, where he feels the real value is to be found.<\/div>\n<div><\/div>\n<div>Dominic is also the founder of an established lettings, property management and renovations company and operates a successful mentorship programme for property investors wishing to master the property auction world.<strong><\/p>\n<p><\/strong>* UK House Price Index 3\/2025.<\/div>\n","protected":false},"excerpt":{"rendered":"House prices may have risen by 6.4%* over the past year, but for savvy buyers, opportunities still exist&hellip;\n","protected":false},"author":10,"featured_media":26039,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","csco_singular_sidebar":"","csco_page_header_type":"","csco_appearance_masonry":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0},"categories":[88],"tags":[],"_links":{"self":[{"href":"https:\/\/www.businessmole.com\/wp-json\/wp\/v2\/posts\/26038"}],"collection":[{"href":"https:\/\/www.businessmole.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessmole.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessmole.com\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessmole.com\/wp-json\/wp\/v2\/comments?post=26038"}],"version-history":[{"count":1,"href":"https:\/\/www.businessmole.com\/wp-json\/wp\/v2\/posts\/26038\/revisions"}],"predecessor-version":[{"id":26040,"href":"https:\/\/www.businessmole.com\/wp-json\/wp\/v2\/posts\/26038\/revisions\/26040"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessmole.com\/wp-json\/wp\/v2\/media\/26039"}],"wp:attachment":[{"href":"https:\/\/www.businessmole.com\/wp-json\/wp\/v2\/media?parent=26038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessmole.com\/wp-json\/wp\/v2\/categories?post=26038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessmole.com\/wp-json\/wp\/v2\/tags?post=26038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}