Reduced Prices - One of the most attractive benefit of buying a bank auction property is pricing of the asset. Mostly observed the prices of properties in bank auctions are 20% to 30% lesser than the current market value. Since these assets are stressed assets in nature and if the sale of the sate is not so smooth the chances of discount in property is possible. 

Ready To Move In Homes - Under construction property are a risky proposition to buy until they are completed and completion certificate is procured. In case of bank auction properties there is also an opportunity to buy mostly ready to move homes.

Locations - Locations plays a major role when an individual is looking to buy a property. It is a location that triggers the decision of buying the home apart from above two listed. At many occasions there the bank auctions property are within city location and provides easy access to daily social amenities. 

Documents Risks - Commonly  observed in bank auction property there can be issue of documents that may not provide clear title of property. Or the latest update of title may be missing. In some instances the chain property documents can be missing. Therefore it is advisable by selling institution that individual must do all his due diligence and get satisfied and thereafter proceed with formalities of buying an auction properties. 

Maintenances & Additional Cost -  Many time property are vacant and poorly maintained from a long period of time. There are chances that a buyer may incur additional cost for revamping and make property in living condition. This has be done by buyers own money.

Outstanding Dues - There can be outstanding dues of society, municipal and tax authorities or builder dues. One need to check these and then can decide on buying a bank auction properties.

Property Finance Related Risk - It is also observed that multiple financial intuition calming rights on an asset. This is possible where the defaulter has obtained loan from multiple intuitions and not cleared it. Therefore one should be careful while dealing with bank auction property.