Call the auction company first. They should make the property available for you to view and bring in your trusted advisors. If you are planning on any financing, talk at length with your lender. Make sure the funds are available. If they are not when you go to close, you are at risk of losing your deposit or worse. Make sure all of your due diligence is done prior to the auction. Lastly and most important; if you do not have experience in this property type, hire a real estate broker to help you. As your consultant the broker will be able to structure the whole process for you and suggest the correct lawyer, environmental study, and other professionals to assist in the process. In the end, you will be able to bid with confidence.
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Oct 17, 2008