Auctions can provide great opportunities to buy a house for an incredible price whether you are looking to make that first step onto the property ladder, need to change your home or want to buy an additional property.
However, the auction market is that of a fast paced one and you will need to have your wits about you and a little bit of knowledge to make sure the deal really is as good as it seems. Additionally, you will need the support a reliable property lawyer, and we happen to have a whole team of them!
When it comes to auctions, preparation is key and you will need to spend some time looking into the property before the day. You should check the market rate for any properties you are interested in to make sure it is as good a deal as you think it is. With auctions, it is easy to assume that every property will be an absolute steal but this is not always the case and it is worthwhile you checking really how far your money is going.
You will also need to spend some time looking into the legal pack available from the vendors conveyancers. The legal pack should include a number of documents which will help you to understand the properties history better. We would always recommend you appoint a property lawyer to look at the legal pack for you as they can advise you of any potential issues or concerns with the property before you sign up to buying.
Paying a lawyer to work on a property that you have not even put in offer in may seem a little over-cautious but with a property for sale at auction the process is so quick that there is usually no time for these additional investigations. With our prices starting at just £200 + VAT, a small charge really could save you a whole lot of money.
PDR Property Lawyers have a wealth of knowledge and experience in auction properties and understand the speed at which the sale needs to go through and the time pressures you are under and have a dedicated auction property team that can accommodate this.