If you are, Courtyard Conveyancing Solicitors can advise you on the best way forward. Auction Property sales and purchases are mainly the same as a non-auction transaction, however are some important 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 you are thinking of buying a property at auction, it is advisable for you to discuss this with your solicitor before you bid, so that they can check the title to the property and make sure that there is nothing which would adversely affect either the property or its value.
It is important to check both the general and special conditions in the auction contract so that you are in a position to bid knowing exactly what you are buying.
If you would like help with this please don't hesitate to get in touch.
