In recent years, there has been a rise in properties being sold through auctions – from homes, vehicles, and land to various types of equipment and home appliances like fridges and office chairs. In principle, properties being sold via auction are usually cheap, but there are risks involved. Before opting to go for that auction you have seen in the newspaper or online, here are some of the things you need to consider – as explained by Geoffrey Maina, an auctioneer . Types of auction Know the kind of auction you are about to participate in. There are different kinds of auctions, among them minimum bid, absolute, and reverse auctions. Find Property in Uasin Gishu County Baoriat Agencies Call: +254 721-554-937 In a minimum bid auction, there is an established minimum price during the bidding while an absolute auction dictates that the highest bidder will acquire the auctioned property. Bidding process Bidders will usually be given a specific time and place they can view ite...