Going, going, gone! Specialist legal advice for auction property sales and purchases

Buying or selling property at auction can be attractive to those wanting a quick transaction or looking to avoid the sometimes lengthy and complex procedures associated with a conventional sale or purchase. Property investors also often use auctions to build their portfolios. But the process is not without its pitfalls, and the sale is final at the ‘strike of the hammer’, so it is important you have the relevant legal information and advice well ahead of going into the auction.

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How can Sweeney Miller Law help?

At Sweeney Miller Law, our specialist property solicitors have decades of experience advising property investors, developers, and others on the intricacies and challenges of property auction conveyancing. We understand the tight timescales involved and can review the legal paperwork included in the auction pack, as well as help you pull together the necessary documents. We know exactly what should and shouldn’t be in there, and what you should look out for before you commit to either an auction transaction either as a buyer or seller. We act in both traditional auctions as well as the new buyer friendly ‘modern auctions’. We offer an auction pack review service so that you can go to auction in the knowledge that the property you are buying is free from legal defects. From a seller’s point of view, we can assist with auction pack preparation. We work with a number of well-known auction houses across the country and familiar with their processes.

For buyers, our team of experienced property law professionals can review the legal paperwork included in the auction pack, liaise with other parties in the transaction on any queries, and present you with all of the relevant information you need to make a decision on the property. Following a successful bid, our residential conveyancing team can also act for you on the conveyancing process.

If you’re selling a property via auction, Sweeney Miller Law’s specialist property solicitors can work with you to pull together all necessary legal paperwork for auction pack ensuring that potential buyers have all the information they need to consider your property as an attractive prospect.

Tips for buying property at auction:

Arrange a viewing for any property that you plan to bid on at auction, the auction pack may be comprehensive, however, it is important to see the property with your own eyes and also where relevant with an expert surveyor and possibly other experts, such as electricians, damp specialists etc, before committing a large amount of money.

Make sure you have all finances in order – mortgage or cash - for the purchase well before attending the auction.

Set a budget and stick to it – try not to get carried away with the auction atmosphere on the day.

Be prepared! Speak to a member of the Sweeney Miller Law property team about reviewing the auction pack and making sure you know exactly what you’re going in to.

Whether you’re planning to buy or sell a property at auction, speak to a member of our specialist auction property team, call us on 0345 900 5401, email enquiries@sweeneymiller.co.uk or use our contact form.