Auction property has become popular recently as priced at 10 to 15 percent less than comparable property. In fact, not discounts. Rather, they were price reflections of material defects and possible hidden problem that never disclosed in the property.

Make sure you’re not buying a “discount” that is really priced higher than it should be because of a material defect as most of the bidder will find it difficult or no way for them to inspect the property as it is locked and this make inspection rather difficult unless the buyer want to enter the property in an unauthorized manner.