Auction Property
- About Us
Expert auction property solicitors in sussex
At Bate & Albon, our team of specialist property auction solicitors offer expert services for both selling and buying a property at auction.
Property auctions are an increasingly popular alternative to the more traditional, sometimes lengthy, process of buying and selling land and property through an estate agent. Sellers benefit from the certainty and speed of auction sales, and buyers are attracted by the lure of potentially being able to secure a good deal.
That said, because auctions usually involve quick turn around times, they can also be riskier than the usual route – especially for the buyer. It is therefore important that both buyers and sellers instruct specialist auction solicitors to act on their behalf, to get a clear understanding of the process involved and to protect their interests.
What should buyers and sellers do before the auction?
Selling
Looking to sell your land or property at auction? First things first, you’ll have to instruct a solicitor to put together a Legal Pack, which usually comprises the title deeds, searches, bespoke Special Conditions and other relevant documents.
Ideally, the Legal Pack should be ready for prospective bidders to view two weeks before the auction. The drafting of the Special Conditions is very important because these contain the terms of sale. This includes who the parties are, when the completion date is (often twenty working days), whether the buyer must contribute any extra costs and how the legal title is to be transferred to the buyer.
Buying
If you are interested in bidding for a lot at auction it’s important that you ask an experienced solicitor to review the Legal Pack for you. It’s worth noting that buyers are legally bound once the sale is agreed at auction, so it’s essential to get a full view of the obligations, to understand exactly what it is you’re bidding for and what is included in the sale.
Depending on the nature of the lot, the buyer may also wish to instruct a surveyor to inspect the land or property. Our specialist auction property solicitors are on hand to help answer any questions and help you avoid the pitfalls of buying a property at auction.
What must buyers and sellers do after the auction?
selling
If you’ve managed to sell your lot at auction, the next step is for your solicitor to make the necessary arrangements to ensure the buyer’s solicitor has all the information they need to complete on the contract completion date. It can be tricky to tick all the boxes, which is why you need an experienced lawyer to take the reins and ensure a smooth transaction to completion.
buying
Congratulations – you’ve successfully won a bid at auction! Once you’ve paid the contract deposit (usually 10%) it’s time for your solicitor to start the conveyancing process and complete the purchase. Your solicitor will liaise with you, your broker/lender and the seller’s solicitor to ensure that the balance of funds will be available, and that the legal title will be transferred to you.
Our expert property auction solicitors will guide you through this process as quickly and smoothly as possible, making sure any hurdles are handled efficiently and professionally.
Want to find out more about the buying and selling process at auction? Chat to our expert solicitors.
Bate & Albon property auction services
Pre-Auction Consultation
Understand the legal implications and requirements before participating in an auction. We provide thorough consultations to help you make informed decisions.
Contract Review and Preparation
We meticulously review and prepare all necessary legal documents to ensure compliance and protect your interests.
Bidding Support
We offer legal advice and support to help you make strategic decisions and navigate the bidding process.
Post-Auction Services
From completing the sale to handling disputes, we offer comprehensive post-auction legal services to ensure a smooth and successful transaction.
Dispute Resolution
Noone likes to be embroiled in a dispute, but should this happen, it’s important to lean on our expert negotiators and litigators who are here to protect your interests and resolve conflicts efficiently.
why choose us?
Here at Bate & Albon, our auction property solicitors have years of experience in auction property law. Our in-depth knowledge of the process means we can handle all legal aspects of property auctions, where no project is too big or too complicated. We’re committed to protecting your rights and getting you the best possible outcome.
When it comes to auction properties, every purchase and every sale is unique, which means the legal needs differ from project to project. We offer tailored advice and services to meet your specific requirements, providing a personalised approach that can adapt to changes or hurdles.
From initial consultation to post-auction services, we provide a full range of legal support. Whether you’re buying or selling, we’re here to assist you at every stage. Our team of solicitors prioritise clarity and transparency, keeping you informed at every stage of the project and providing you with a full rundown of your rights and responsibilities.
Auction Property Legal Specialists
Property auctions present unique opportunities and challenges. Whether you’re buying or selling, having a specialised solicitor on your side can make a significant difference. Our experts ensure that all legal aspects are covered, minimising risks and maximising your benefits.
Speak to our team today to find out more.
- Meet the Team
Who handles auction property at Bate & Albon?
Harry Tuke heads up our auction property department here at Bate & Albon, alongside an experienced team of lawyers. Harry specialises in residential conveyancing, bridging loans, mortgages, development finance, auction sales and Equity Release (Lifetime Mortgages).
He’s helped many clients navigate the auction property landscape, providing a stress-free legal process for securing or selling property across Sussex and throughout the UK. Contact Harry and the team for more information.
Or contact Harry to discuss your bridging loan project.