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Know better about auctions

Friday, March 21, 2008

Before putting your property up for auction see that you discuss matters with an estate agent or a qualified property auctioneers. He should be a member of a professional body. Find out what is the current market value of your property will be and get advice as to a good level at which to set the reserve price. Before the property auction, you must instruct your solicitor or conveyancer to prepare a contract and details of any special conditions of the sale. These should be included in the agent's brochure.

You should also make your property available for open viewing from all those prospective buyers who have seen it in the catalogue and may be interested in buying the property. You also have to allow access to surveyors from those people who have viewed the property and wish to buy. The auctioneers will advertise your home in brochures and catalogues on your behalf.
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