hi
we are looking to buy a property at auction and was wondering what exactly should we be looking at prior to auction to make sure we dont got stung
i know auctions are mainly used to get best price but they can also be used to sell property that wont otherwise sell by private treaty
what potential legal difficulties should we be looking out for?
we have asked the vendors solicitor to forward sale contract to our solicitor but as always solicitors move at a different pace to the rest of the business world this hasnt been done yet and i am worried that my own solicitor may not have or spend enough time with the contracts when push comes to shove
the house is a partly finished new build in a rural area so i am assuming local needs criteria may be condition of planning yet this hasnt been mentioned by estate agents
any advise/suggestions most appreciated
we are looking to buy a property at auction and was wondering what exactly should we be looking at prior to auction to make sure we dont got stung
i know auctions are mainly used to get best price but they can also be used to sell property that wont otherwise sell by private treaty
what potential legal difficulties should we be looking out for?
we have asked the vendors solicitor to forward sale contract to our solicitor but as always solicitors move at a different pace to the rest of the business world this hasnt been done yet and i am worried that my own solicitor may not have or spend enough time with the contracts when push comes to shove
the house is a partly finished new build in a rural area so i am assuming local needs criteria may be condition of planning yet this hasnt been mentioned by estate agents
any advise/suggestions most appreciated