Auction sales & purchases
Property auctions can be an efficient and cost-effective way to buy or sell a property (particularly those of an unusual nature or where speed is of the essence). The contract is completed as soon as the hammer falls and an auction can bypass many of the lengthy and complex procedures that are normally associated with a sale on the property market.
At Wollens our lawyers have extensive experience helping auction sellers.
Our lawyers can help you prepare all the necessary legal paperwork to submit to an auctioneer. Making sure the documentation is correct and comprehensive will make your property a more attractive prospect for potential buyers and avoid potential disputes after your sale is completed. If necessary we are also able to attend on the big day to assist field any last minute legal questions raised by potential bidders.
You should never bid for a property without first having had a lawyer review the legal auction pack which the seller’s solicitor or auctioneer will make available. For that reason it is crucial that you involve your lawyer as soon as possible.
At Wollens our lawyers understand the importance of providing clear, concise and speedy advice to potential auction bidders highlighting any apparent legal issues of concern. We can also advice on the auction process and assist in ensuring the correct legal processes are completed if your bid is successful.
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