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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
For sellers
For buyers
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.
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