Are you looking at purchasing a property at auction?
If you are looking to purchase a property at auction you need to ensure that you have made all your enquiries prior to the auction. This is because if you are the successful bidder on auction day you will be locked into the Contract unconditionally, there will be no cooling-off period.
Things you should attend to prior to auction include;
1. Arranging your loan approval.
2. Having a solicitor review the Contract, provide you with advice, and request any required amendments.
3. Arrange pest and building reports.
4. Arrange a survey report, strata report, and any other report you deem necessary.
This article was published on 07/11/22 and the information is valid only to the date of publishing. This article should be considered merely general and non-specific on the subject matter and is not and should not be considered or relied on as legal, advice. Meehans Solicitors is not responsible in the event this information is relied upon by the reader in the absence of specific legal advice.