Buying or selling a house at auction is very different from the normal conveyancing transaction and our advice is quite simple: be prepared.

Buying at auction
Contracts are exchanged as soon as the highest bid is accepted at auction, and both parties committed to complete the deal, usually within 28 days.  Make sure you’ve got all the information to make an informed decision to bid and avoid an expensive leap in the dark.

You may have seen a Seller’s Auction Pack, but get your own structural survey and do all the necessary checks and searches to make sure there are no nasty surprises.  Of course you should have your finances sorted out in advance of raising your hand, including a 10% deposit and mortgage finance to complete if required.

We can help you by checking the Auction Pack as to Title, searches and other matters that need to be clear to enable you to make an informed decision to purchase a property at auction.

Selling at auction
Information remains the key; the more information you provide ahead of the auction, the more likely you are to encourage a number of competing bidders. 

We can help you compile a Seller’s Auction Pack which should include, for example:

• Local authority, drainage and water searches
• Registered title
• Energy Performance Certificate
• Information in respect of leasehold residential properties, tenancy agreements etc.
  

For more information or a quotation please contact Liz Cashinella or complete our online quotation form.