I work with many buyers from the UK. Auctions are presently going at or over fair value price. Pretty much like a normal sale. I've personally done investment properties for the past 12 years, and that helps me in guiding clients when they are looking to invest. I know what to look out for, what works, and what does not.
If it's a home for personal use, that's easier! Just find a home that you fall in love with and has all, or most of the things you want. Still, an experienced agent in Beverly Hills is a must.
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Cash is king, and it helps you get better deals, except for auctions, where final price dictates who wins the auction.
Most of my UK clients buy cash, but some have obtained financing. Financing for a non-US resident takes longer than common. So, if you'll be taking a loan, you'd need to have your loan documentation started at least 45 days prior to the auction, to be pre-qualified.
Coldwell Banker Residential