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The auction brochures can make a property look like an attractive proposition and there are programs on the television which highlight the profits to be made by buying a property this way but there are pitfalls and it is important to understand the process involved.
There can be a wide variety of reasons why a property is being sold at auction, for example, repossession by a Lender, the owner has died and the family want a quick sale, but it may be because there are structural problems with the property or defects in the legal title and the property may not be the bargain it first appears.
If the property is out of your area, it's important to do your homework. Although the house may be attractive, if it's not in a good location it would impact on a resale.
You will need to have a 10% deposit to buy at the auction and the balance of funds available (as cleared money) usually within 28 days of the auction, otherwise you will be in breach of your commitment to buy and there are financial consequences.
We can provide access to clear professional advice in relation to property, funding and trusts to find the solution that best suits your family and their individual circumstances.
Very professional and courteous staff. Our conveyancing was carried out with diligence and speed. Would highly recommend.
I have always recommended to you friends and associates in need of legal help, and I know that their opinion is as positive as mine.
Having recently sold my house Forbes handled this in a very professional manner with obvious expertise. My interests were always their first priority & I was kept informed at all times.