Buying a house at auction involves making a purchase at speed and our specialist solicitors understand that speed of service is a factor that needs to continue throughout the conveyancing process if you are successful in securing a Property at auction.
Before attending an auction and agreeing to buy a property, it is important for you to be well informed about your perspective purchase. Once you have identified the properties you are interested in purchasing from the auctioneer’s catalogue, it is crucial that you do your homework with regards to the legal pack that is available from the Auctioneer or the Seller’s Solicitor. The legal pack should include (where applicable) copies of special conditions of sale, title deeds, leases, office copy entries, searches and replies to pre-contract enquiries. It is important that you get these documents reviewed by a solicitor before you attend the Auction so that you can be alerted to any potential issues. For example, a problem with the legal title to the property, any environmental issues etc. This can prove crucial in helping you to avoid and make you aware of a costly problem before you legally commit yourself to buy the property at auction.