Auctions can be an exciting way to purchase a property. Auctions involve competitive bidding with the potential prize of discounts on the property premium but with commitment and exchange of contracts at the fall of the hammer. Many auction properties are fraught with risks involved, tight deadlines for completion and can be the reason the property was not sold on the open market.

It is essential that the appropriate research and legal advice is undertaken before the commitment and bidding. Auctions need to be approached with a clear strategy and understanding of the process. It is therefore necessary to have a lawyer at your side for crucial legal guidance and protection of your interests.

At Lilac Law our invaluable expertise can assist in reviewing auction terms, handle the legal aspects of bidding at auction and ensure a smooth transaction throughout.