If your property is going to auction it is your responsibility as the seller to provide a legal pack ahead of the auction.
We will work closely with you to ensure all the information going into the legal pack is accurate and complete. We will arrange and ensure an EPC is in place, that we have copies of title register and title plan, we work with the local authority to provide a search pack including drainage and water searches. We'll also assist you in completing the property information form (TA6) and the fittings and content form (TA10).
The auction house will ask you to prepare an auction pack. It will be made available to the public and can be the difference between your property selling on the day or remaining as stock.
Failure to provide a comprehensive auction pack may deter any prospective purchaser from making a bid, due to the uncertain nature of what may affect the property. The principle of caveat emptor (“buyer beware”) also applies to auctions and the importance of a comprehensive auction pack cannot be emphasised enough. Buyers require information up front via the auction pack to ensure they know everything they need to know before purchase.
At Tilly Bailey & Irvine, we are able to prepare a comprehensive auction pack ahead of the auction so that you don't have to worry. We will discuss with you in detail exactly what it should include so you are prepared on the day and no problems arise. On average it takes about three weeks to produce a comprehensive auction legal pack, although this does depend on the speed of the local authority search.
You should ensure you choose the right company to compile the pack. We are here to guide you through the process and keep you aware of your options and obligations.
Auctions have changed a lot of the years, it's important to select someone who is familiar with the process.
If you are considering placing your property for sale by auction, you should seek legal advice as soon as possible to ensure you understand the requirements. We will be able to discuss the creation of an auction pack, and the associated costs, with you.
Please contact us call our conveyancing team directly on 0333 210 1101 , or submit your enquiry via email to: conveyancingenquiries@tbilaw.co.uk and our specialist auction pack team will arrange everything you need.
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