Never attend an auction inspection unprepared. Use this comprehensive checklist to ensure you evaluate all important factors.
Before the Inspection
- Review auction terms and conditions
- Research market values
- Prepare questions for the auctioneer
- Bring a flashlight and measuring tape
During the Inspection
- Check structural integrity
- Inspect all fixtures and fittings
- Note any damage or wear
- Take photographs and videos
- Ask about hidden defects
Questions to Ask
- Why is the property being sold?
- What is included in the sale?
- Are there any liens or encumbrances?
- What are the utility costs?