The advantages of an auction sale are:
a. Certainty
b. Speed
c. Competition for the property, ensuring the maximum possible price in the market is obtained.
The disadvantages are:
a. The availability of mortgages and the speed in processing application means we will need a minimum 6-week lead in to the auction date.
b. A number of buyers may be deterred by the cost of surveys and legal searches. This can be overcome on the survey side by commissioning a vendor’s survey which is then specifically made available to any potential purchaser and re-addressed to the ultimately successful purchaser. This means that the purchaser has the normal redress against the surveyor in case of error. The search process can be speeded up by having all the documents which would previously have been in a Home Information Pack available in both our sales office and your solicitor’s offices
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