Q What is a property auction?
A sale of commercial and residential property at which you bid to purchase property there and then.
Q If I'm interested in a property prior to the auction should I
go and see it?
Q Can I see the legal documents of properties I'm interested
If you have time it is worth visiting the property to check the location. You may also be able to get the keys to have an internal inspection. Check the catalogue for viewing dates and times.
Q What happens to properties that don't reach their reserve price?
Yes. Auctions have files with the deeds, Land Registry searches etc…
At the end of the auction the vendor may agree to sell the property at a lower price. Ask the auctioneer if you can register your interest for such properties.
Auction Finance Limited is registered in the UK, company number 04949929. Registered Office and geographic address: Lake View, Lakeside, Cheadle, Cheshire, SK8 3GW. Group VAT registration number 588797251.