11. Auction Sales and Purchases

We can advise you whether you are buying or selling a property at auction.

Whilst such sales and purchases are mainly the same as an ordinary transaction, there are some differences.

For example, once your bid at the action has been accepted, contracts are then exchanged immediately and the completion date is fixed in accordance with the terms of the auction contract.

If selling by auction, it is advisable for you to discuss the transaction before the property is actually put into the auction. There may be matters affecting the property either physically or in its legal title which may call for the drafting of special clauses to be added to the general ones.

If buying at auction, it is advisable for you to discuss this before you bid so that we can check the title to the property and make sure that there is nothing which would adversely affect either the property or its value.

We also need to check both the general and special conditions in the auction contract and advise you on these so that you are in a position to bid knowing exactly what you are buying.