Properties sold at an auction may appear to be cheap. But buyers need to understand the various aspects that could indirectly hike up the price. LOOKING at the advertisements in the daily newspapers, it would appear that a large number of properties are being auctioned off every weekend. The indicated prices appear to be way below the market price, making it appear like an attractive purchase. A reader wanted to know whether it is safe to buy a property at an auction, and whether the buyer is adequately-protected by the law. He also asked if properties could be auctioned off without a court order. Read more
(13-3-2008 The Star)
