How We Can Help You Buy at Auction
Most auction properties come with a legal pack provided by the auctioneer or agent. This pack usually contains:
- Title Documents: Including official copies of the title and plans.
- Special Conditions of Sale: Specific terms set by the seller.
- Property Searches: Such as local authority or environmental searches.
These documents are critical to understanding the property’s legal status and potential issues—but interpreting them requires expertise. That’s where we come in.
Before the Auction
- Legal Pack Review: Contact us as early as possible, and we’ll obtain and review the legal pack for you.
- Clear Advice: We’ll summarize the pack, highlight potential issues, and help you make an informed decision about bidding and the property’s value. We will make sure you know how much it will cost at the fall of the hammer.
After a Successful Bid
- Deposit Payment: At auction, you’ll need to pay a 10% deposit immediately, along with auctioneer fees.
- Completion Timeline: The purchase must usually complete within 28 days of the auction.
Fast and Reliable Auction Conveyancing
At Spectrum Solicitors, we understand the urgency of auction property purchases. Our team is experienced in handling tight deadlines and ensuring all legal requirements are met on time.
- Post-Auction Support: If we haven’t reviewed the legal pack beforehand, we’ll provide a detailed report and handle any additional searches you request.
- Completion Preparation: We’ll act quickly to meet the pre-set completion date, ensuring a seamless transaction.
Why Choose Spectrum Solicitors for Auction Property Conveyancing?
- Expertise in Auction Purchases: Our team specializes in the nuances of auction transactions.
- Comprehensive Service: From pre-auction reviews to post-auction completion, we’ve got you covered.
- UK-Wide Coverage: Wherever you’re buying, we can help.
Contact Us Today
Planning to buy property at auction? Let Spectrum Solicitors make the process stress-free. Call us on 01653 916606 or email info@specsolicitors.com to get started.
Selling at auction
Selling in a property auction can be a fast and efficient way to sell your property, as contracts are exchanged at the time of the auction, so you can be sure the sale will proceed to completion. However, you will need to make sure you have a legal pack prepared as soon as possible for the buyers to inspect prior to the auction. Again, this is where we can assist. We can put together a legal pack for you containing all of the necessary documents (official copies of title, documents referred to in the title, title plan, searches and special conditions of sale), and arrange for this to be sent to the auctioneers for you.
Once the property is successfully sold in the auction, we will make arrangements to ensure the remainder of the sale runs smoothly and the completion deadline is met.
Please contact Leanne on 01653 916606 for quotes on buying or selling at auction.