Buying a property at auction
So you have bought a property at auction and it was a bargain ... right? But what if it all goes wrong?
There’s always an appeal when it comes to buying assets on sale. A speculative business, with an invariable element of risk and reward involved, but sometimes what seems like a good deal at the time can often depreciate quickly, when the price really is just too good to be true.
Before thinking of placing an offer, its always advisable to seek legal advice first and have a professional cast their eye over the auction pack. Be informed of any issues that might arise and know exactly what you’re buying into, before the hammer falls, and you find yourself in a contract with no way out.
Whether you’re thinking of buying at auction, or you have already done so and the deal isn’t quite as attractive as it first seemed, please don’t hesitate to contact us.
At Rollits, we are here to help.
Posted on: 19/03/2021
This article is for general guidance only. It provides useful information in a concise form. Action should not be taken without obtaining specific legal advice.
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