Property Auction House Sdn Bhd is a company that started working in 1989. It deals with various stationery and office supplies. It has over 500 employees and operates across Malaysia. Its headquarters are located in Kuala Lumpur. It also has many franchise outlets in other countries, including India and Thailand.
This company offers property auctions for banks and other institutions that are looking for properties to resell. It also helps people get rid of unsold properties through loan auctions. This means that you can get property at a fraction of the original price. But how do you get started buying property at an auction? The first step is to understand what is an auction and what you can expect from it.
Before bidding, make sure to prepare your deposit. Some auction houses require a deposit of up to 10% of the purchase price. You can use a bank draft or banker’s cheque to pay for this. You should also prepare other documents that you’ll need to register. Remember to arrive early to make sure you have everything ready and to avoid any delays.
During the bidding process, you should conduct thorough research about the location of the property and the amenities nearby. This includes checking the facilities, public transportation, and safety. Think of this research as a checklist for owning the property.