16 Apr 2020

The world is currently experiencing an unprecedented time, a pandemic which many of us have not seen before and hopefully will never see again. Despite all the difficulties and the adjustments which have had to be made, with many of us having to discover new ways to work, technology has been a saving grace. Auction houses have been running online or remote auctions for some time in parallel with their live auctions. If you are considering buying or selling a property at an online or remote auctions here is how we can help.

For sellers and buyers

• Our staff are working remotely with full access to our systems.
• We have online facilities in place which allow you to fill in the necessary forms from the comfort of your own home and to send it back to us once they have been completed.
• We also have facilities to enable you to E-sign many documents so there is minimal need for postage.
• We operate a remote identification verification app which will verify your identification for us without you having to send us original documents.
• We are able to take card payments over the phone.

For sellers

• We are able to continue ordering searches or any other title documents you require within the auction pack.
• We will be able to email this to the relevant auction house who will upload this to their system for potential buyers to view.

For buyers

• Should you wish to have some initial advice before the auction we are be able to access the auction packs and review these for you.
• We offer free initial advice which can be an email break down or telephone conversation. Should you require a full written report we can do this for £200.00 plus VAT. Just let us know when the auctions is, your contact details and the lot number and a member of our team will come back to you.

First time at auction?

If you are considering buying or selling at auction for the first time our highly experienced auction conveyancers have lots of essential tips and advice. Please call for a free no obligation chat.

Once you have exchanged contracts, you are contractually bound to complete on your sale/purchase on the agreed completion date.  If you are unable to complete on time, whatever the reason, including Coronavirus, you will be in breach of contract.  The implications of this can range from payment of interest under the contract for a late completion, or potentially the loss of the 10% deposit (for buyers), and other reasonable costs which might flow from the breach of contract. It is not a viable option to insert clauses into sale/purchase contracts to cover the Coronavirus.

If you are interested in buying or selling at auction remotely and would like a chat or a quote, please call the office on 01633 867000 or email auctions@rlo.law leaving your name and contact details and whether you wish to buy or sell and a member of our team will be in touch shortly. Alternatively visit our website for more information.

The content of this article is intended for general information purposes only and is accurate as at the date of publication.

The article shall not be deemed to be, or constitute legal advice.

We accept no responsibility for any loss as a result of acts or omissions taken in respect of the content.