Auction Sales & Purchases
Auction Sales & Purchases – Specialist Legal Support​
​Buying or selling a property at auction can be fast-paced, competitive and legally binding from the moment the hammer falls. Unlike standard transactions, auction property purchases and sales require precise legal preparation and swift action to avoid costly mistakes.
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At SW Property Law, Sharon Williams provides expert legal support for both buyers and sellers involved in property auctions, ensuring you are fully informed, protected and prepared at every stage.
Understanding Auction Properties
Properties sold at auction often include:
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Repossessions
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Investment properties
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Properties in need of renovation
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Probate properties
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Commercial or mixed-use properties
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Unique or high-demand homes
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Once a property is successfully bid on, the buyer is legally bound to complete — usually within 28 days. This makes pre-auction legal review essential.
How Auction Conveyances Differs?
Auction transactions move at speed and allow little room for error. Key differences include:
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Immediate exchange of contracts on the day of auction
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Short completion deadlines (typically 20–28 days)
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Strict legal commitments with penalties for default
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Requirement for pre-auction legal pack checks
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Higher financial risk if issues are missed
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Without specialist advice, buyers may commit to unfavourable or high-risk purchases.
For Buyers
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Pre-auction legal pack reviews
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Risk assessment and advice before bidding
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Title investigation
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Planning and regulatory checks
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Auction contract review
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Post-auction completion handling
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Liaison with auctioneers and sellers
For Sellers
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Preparing auction legal packs
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Drafting contracts and supporting documentation
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Advising on auction terms
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Managing enquiries and disclosure obligations
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Completing post-auction legal processes