The article emphasizes the importance of professional guidance for rookie homebuyers looking to bid on properties at auction, particularly those valued under €100,000. Many first-time buyers are turning to platforms like TikTok and Instagram to share their renovation journeys as they escape high rental prices. However, most of these buyers are acquiring properties through private treaty sales, which involve agents inviting offers. This raises the question of strategy and knowledge required in property bidding versus standard sales.
There are hidden gems going for €100,000 and less at auction, but rookies must get professional help and advice before they even think about bidding on a property.
TikTok and Instagram are awash with first-time buyers documenting their escape from sky-high rents by transforming a decrepit property into their dream home.
Most will have bought that blank canvas through a private treaty sale, where an agent puts a seller's property on the market and invites offers.
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