This creates a legally binding agreement between both parties. There is then a limited period of time to formerly 'complete' transferring what is more commonly a significant asset, for a large sum of money.
The auction conveyancing process is therefore condensed into a matter of days rather than months. For both buyer and seller, this speed can prove to be extremely advantageous; however, it should not diminish the significance of the transaction – there are many considerations for both parties.
This creates a legally binding agreement between both parties. There is then a limited period of time to formally 'complete' transferring what is more commonly a significant asset, for a large sum of money.
The auction conveyancing process is therefore condensed into a matter of days rather than months. For both buyer and seller, this speed can prove to be extremely advantageous; however, it should not diminish the significance of the transaction – there are many considerations for both parties.
As our name suggests, this is what we do; with decades dedicated to the Auction sector, we fully understand the auction coneyancing process, it’s complexities, quirks and tight timescales. Whether you’re buying or selling, using cash, mortgage or bridging finance, we can help you complete on time.
If you're new to property auctions, try reviewing Auction Legal Process, Auction Legal Packs & Special Conditions and Auction Terminology. Or, if you have any questions, please contact us. We're here to help and there aren’t many tricky transactions, tight deadlines or legal issues that we haven't helped clients work through.
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