Solicitor specialising in Property Auctions in Cardiff, South Wales

Freed & Co Solicitors have extensive experience of acting for clients both in relation to buying and selling commercial and residential properties at Auction. At an Auction contracts are exchanged immediately upon the acceptance of the highest bid by the auctioneer. Auctions can be a speedy and effective way of buying and selling property but they can also be expensive and specialist advice, such as that provided by Freed & Co Solicitors, is vital. We have extensive experience in this area and already offer free legal advice to prospective buyers and sellers prior to any Auction. The legal advice covers such matters as title, planning, special conditions of sale and other related legal matters. Advice will also be given in relation to such matters as sitting tenants, VAT and the reserve price if appropriate.

Selling at Auction

Freed & Co Solicitors will advise a seller what is required in relation to the auction pack and provide a fixed fee service for a HIP. The current fee for residential properties in the Cardiff or Rhondda Cynon Taff area is £16 for a residential property. The Home Information Pack will include an Energy Performance Certificate (EPC) a personal local authority search together with drainage and water search, the registered title and a Property Information Questionnaire (PIQ). There is additional information required in respect of a leasehold apartment and our charges are for the HIP is £180 plus VAT.

At the Auction, once the hammer goes down on the highest bid, contracts are exchanged and quick completion usually follows in 21 days, so it is vital that you are well prepared. Freed & Co Solicitors offer a free check of the special conditions in the contract including the Home Information Pack and provide a written report on title. Freed & Co Solicitors will look after your interests including attending the auction on your behalf.

Buying at Auction

Similarly, it is essential to be well prepared. The seller will give no warranties as to the property and condition and you need to inspect the property, have it surveyed and employ Freed & Co Solicitors to check the title and the contract and advise in connection with the HIP. At the Auctions, things will happen quickly if your bid is accepted and it is vital to have arranged the necessary finance to pay the deposit immediately and to be able to complete quickly. Again, you should not consider buying at Auction without one of our specialist lawyers by your side.

Freed & Co Solicitors provides essential legal advice to people purchasing property at auctions. To find out how we can help make auction experience smoother call us on freephone 0800 328 6540 today.