A Seller’s Guide to Auctions
Auctions are now becoming a more popular method of selling property. However, vendors have a lot to consider before agreeing to go to auction. For example, vendors need to determine a reserve price, bidding increments and what happens if the reserve price is not met. Before the auction, the real estate agent will usually prepare the “Particulars and Conditions of Sale” (which, once signed, becomes the agreement for sale and purchase of the property). It is advisable to have a
A Buyer’s Guide to Auctions
Auctions are becoming an increasingly popular way to buy property. However, purchasing at auction is different from traditional methods,...