In this short video Ryan Power from Pattinsons gives us the breakdown on how to buy a property through auction.
In this video we cover more information on the following:
- What to do before bidding on an auction property? Obtain the legal pack and If you're purchasing with a mortgage, discuss any necessary mortgage valuations with your broker. To ensure all financial aspects are in order before proceeding.
- When can you bid on an auction property? After Registering your details via. Undergo Anti-Money Laundering (AML) and soft credit checks.
- What to do when you bid on a property? Utilise the auction website to place bids on properties of interest. Upon acceptance, a representative will guide you through the subsequent steps.
- What to do when you're interested in an auction property? we would ask the buyer to go through the agent or auction website, have a look at the property video tour property and floor plans to make sure you are seriously interested in viewing
- What do you do once your bid has been accepted? Prepare to pay upfront fees, typically a 5% deposit and a non-refundable reservation fee. You'll have 28 days to complete the transaction.
For more information on Pattinsons auctions ⬇️
https://www.pattinson.co.uk/auction/auction-guide/buying-through-auction
To view the properties for auction ⬇️
Share this with
Email
Facebook
Messenger
Twitter
Pinterest
LinkedIn
Copy this link