Bargains can often be picked up at property auctions, but it is important that you seek legal advice in good time before the auction itself.
An auction contract is often heavily in favour of the seller, and is binding as soon as your successful bid is made. A 10% deposit must usually be paid before leaving the auction room, and completion is generally fixed for 28 days later.
Before you make your bid, speak to our lawyers as we can check the terms of the contract and ensure that the title is acceptable for mortgage purposes.
If you are thinking of selling a property at auction, we can prepare the contract and associated pack of documents for you. The provision of a well-organised, comprehensive pack can make the difference between success and failure in selling a property at auction. We will also deal with the legal aspects in completing the sale following the auction.