How does the modern method of auction work? PLUS: Can I challenge your views on fundamentals?

Everyone knows what an auction is. But the “modern method of auction” is something you’ll see more and more often when you’re browsing Rightmove, especially for properties at the lower end of the price scale.

So is it an auction involving virtual reality? Or where you submit bids over Snapchat? No, nothing so exciting – but you do need to know what it is, because there are lots of traps for the unwary buyer. Luckily Steven called in to ask about it this week, giving Rob & Rob the chance to explain.

Meanwhile, another listener has called in to challenge what The Robs have to say about fundamentals. Has he uncovered a flaw in their logic, or is it all a misunderstanding? Listen to the episode to find out…

Do you have a property-related question for Rob & Rob? Whether you’re a first-time investor or a seasoned pro, you could feature on our next episode. Just call 013 808 00035 and leave a message with your name and question (normal UK call rates apply).

Or if you prefer, click here to leave a recording via your computer instead.

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