Buying And Selling Property At Auction UK PROPERTY TALK
Buying And Selling Property At Auction – UK PROPERTY TALK
Key things to consider when buying or selling at auction:
Do you know the difference between buying at auction and buying through the traditional private treaty method that most people use in traditional estate agencies?
Are you buying through traditional or modern auction?
Have you done ALL your homework and survey checks before the auction?
Have you got your finance in place ready to complete withing 28 days of a successful bid?
Are you able to complete the purchase within 28 days of the hammer going down?
Have you got your deposit – 5-10% of the agreed bid price – ready to pay on the day?
If bidding in an online or physical auction have you ensured that you are fully registered to bid?
Have you read the legal pack or given it to your solicitor to check?
Have you done all your due diligence prior to the auction?
Have you considered why this property is being sold at auction?
Have you set your maximum bid limit?
Do you have a strategy?
Here at Open House South Herts we partner with modern auctioneers to help you sell your property fast with no vendor fees.
We have a number of properties coming up for auction soon listed on our Facebook page Open House South Herts – https://www.facebook.com/estateagentswatfordelstreeandborehamwood