Property Auction

Buying at Auction

As the name might suggest, auction property or auction conveyancing is the process of buying and selling properties at an auction. Here at Vas Solicitors we are ready to assist you at any stage of your auction conveyancing.

Whether it is obtaining legal advice before bidding or seeking assistance upon the completion of your purchase following a successful bid at auction, our lawyers are highly equipped with the necessary skills and knowledge to provide the best outcomes for you. Buying a property at auction comes with its own risks and we will make sure you are aware of all possible areas of concern.

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Selling at Auction

Much like buying a property auction, selling a property at auction also has its own risks and benefits.
Some of the benefits of selling at auction include:

  • It is a much quicker process than the usual method of selling.
  • It is legal and binding, so once the hammer is struck, you have essentially exchanged contracts.
  • You have a greater chance of success of selling your property compared to selling via estate agents.

There are some risks to consider as well, however, for example you might not reach your reserve price or even make a sale at all. If this is the case, you will need to relist and therefore have even further costs to incur.

Our Property Law team can assist you with a legal pack that you require to successfully sell your property at auction.

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