Did you know that once you have bought a property at auction you are legally bound to buy it as you have already exchanged contracts?
We are more than happy to advise Clients on auction property in advance of the auction. In almost all cases there will be paperwork available prior to the auction so that the Purchaser can ascertain whether they wish to purchase the property.
If you do your homework and collect the paperwork we can review it for you – please call for a quote. This could save you thousands of pounds in the long run and is well worth it!
If you buy Leasehold at Auction for example can you be sure that the previous Leaseholder has paid their dues to the Landlord – if not you could end up paying these for them.
Again, once you purchase at Auction there will be a timescale to hit, don’t worry, we are always aware of deadline and work hard to make sure they are never compromised.