1. Lower cost: auction houses usually sell at prices lower than the market price, because banks or courts only want to realize cash as soon as possible, not make profits.
2. Investment opportunities: Auction houses can be opportunities for investors to get good returns. Due to the low price, the purchase method may realize capital appreciation in the future.
3. There are risks: there are certain risks in buying a house. There may be hidden house defects or legal problems, which need careful investigation and evaluation.
4. Legal procedures: Auction of houses according to law involves complicated legal procedures and regulations, including auction conditions and payment of auction deposit. Buyers need to understand and abide by the relevant regulations.
5. Fierce competition: The auction house market is fiercely competitive. Property buyers need to pay attention to the announcement in time, actively participate in the bidding, and have enough funds to pay for the purchase.
To sum up, the auction house provides the opportunity to buy real estate at a lower price, but it is also accompanied by certain risks and legal procedures. It is very important to make full preparations, understand the relevant regulations and conduct full investigations.