Buying a property at auction can be a profitable way of purchasing a property and can avoid all the uncertainties and delays that can be experienced in a conventional purchase, not to mention the likelihood of your purchase falling through at the eleventh hour. As buying at an auction involves its own pitfalls and dangers it is therefore vital that you are well informed and well prepared before going to the auction.
From the second that the hammer goes down on your bid, you will be legally committed to purchase the property for the bid price. At that stage, you will not be able to renegotiate the price or get out of buying the property even if you subsequently discover a problem in the legal pack or don't have the mortgage finance in place to allow you to do so.
It is therefore crucial that you contact us as soon as you are interested in buying a property at auction so that we can review the legal pack before the date of the auction and help to ensure that you are well prepared for this.
We will take care of all the legal formalities for you so when the hammer falls on your property, you can be safe in the knowledge that everything that matters has been taken care of.
If, on the other hand, you are planning on selling your property at auction then Curzon Green will help you to put together the legal pack, fill in the property questionnaires, draft any unusual or additional clauses that you require to ensure that you are well prepared for the sale of your property at the auction.
Our Commercial Property Team