This creates a legally binding agreement between both parties. There is then a limited period of time to formerly 'complete' transferring what is more commonly a significant asset, for a large sum of money.
The auction conveyancing process is therefore condensed into a matter of days rather than months. For both buyer and seller, this speed can prove to be extremely advantageous; however, it should not diminish the significance of the transaction – there are many considerations for both parties.
In addition to Auction Conveyancing, our partner website Auction Essentials brings together market leading professionals from the auction world to help you buy and sell property at auction and build a successful portfolio. Services include: