When you purchase a property at auction you enter into an unconditional contract and usually a 10% deposit is payable immediately upon the auction hammer falling. Whereas if you purchase a property by deadline sale, price by negotiation or privately you may decide to submit a conditional offer. This means that if the conditions (i.e. finance, building report, LIM, Due Diligence etc) in the offer are not satisfied you as the purchaser have the option to end the contract. Before you go to auction you need to be aware of any issues that the property may have, we recommend that you have the auction files reviewed by one of our team prior to going to auction. If you have any questions feel free to call, email or complete the enquiry form below for further information.
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Bidding at auction can be an emotional and exciting time, if you are successful, you enter into an unconditional contract and are on you are one step closer to owning your dream home, on another hand, if you are unsuccessful, you have wasted time and effort doing your due diligence. Weston Ward and Lascelles are offering a FREE Auction Review (which includes reviewing the LIM and Title provided), on the basis that you engage our conveyancing services to purchase a property within three months of instructing us to do the report. If you do not use our conveyancing services, you will be charged our standard auction review fee.
Fill in the contact form and upload your documents for us to review.