The Property Insurance Blog

Buyers buy properties at auction because it’s one of the best and fast ways to find low cost properties. Prices are definitely lower than market value, and totally on bargains but you have to buy at your own risk. Even if there are a few works that need to be done, chances are, profit is much higher. But finding property in this way can lead to having problem with planning permission. When you buy an unusual house which is normally found at auctions, you may not be able to get official permit to do the needed renovations. If this happens, what you can do is to get advice from a planning consultant.