While traditional property buying has its advantages, it often comes with drawbacks such as lengthy completion times, the risks of gazumping or gazundering, and potential fall-throughs.
Buying at auction offers a compelling alternative that addresses many of these issues through enhanced security and efficiency.
One of the most significant advantages of purchasing a property at auction is the speed of completion. Once the hammer falls, the purchase is secured, and the seller is legally obligated to sell the property to you. This eliminates the risk of either party pulling out, making the process more stable and secure. Solicitors are present on auction day to finalise the paperwork, and a 10% deposit is required at that time. Following the auction, completion must occur within 28 days, making the entire process approximately six times faster than a standard sale.
Auctions often feature a diverse range of properties, providing opportunities to acquire unique and varied listings that may not be available through conventional channels. With our ever-changing selection of auction properties, you’re likely to find a property that perfectly suits your needs.
By choosing to buy at auction with Hills Estate Agents, you gain access to a streamlined and secure process, ensuring that you can navigate the property market with confidence. Contact us today to learn more!
