Before the Auction
April 27th, 2009 by ray
At a GetSet2move auction a Buyer’s solicitor is appointed right at the start when the property is first marketed. The Buyers solicitor looks over the details of the HIP information, asks the standard questions and gets the answers from the Sellers solicitor and provides a report for potential bidders. In a conventional system this happens at the end of the sales process and roughly 35 % of agreed sales fall through at this stage. With our process any problems are sorted out right at the start not at the end of the process when it’s too late. In some auctions where bidders have expressed an interest in getting the property mortgaged a survey will also be carried out by the broker on behalf of bidders.
We advise bidders who have an interest in a property to register their interest in bidding through the website as soon as possible. This is because if an offer is made that is acceptable to the seller, all bidders currently registered with an interest in that property will be asked to make a best and final offer. Homes can be sold before the auction if an acceptable price is offerred.
This entry was posted on Monday, April 27th, 2009 at 9:26 pm and is filed under Auctions, Bidding. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.