What are 'special conditions'?

What are 'special conditions'?

David Sandeman (Managing Director) gives expert video advice on: Why should I buy at auction?; How do I find a bargain at auction?; Can I view a property before the auction? and more...

When buying a property at auction, the “special conditions of sale” are contractual terms which relate to a particular lot in a catalog. The special conditions of sale can be the completion time, which might be reducing the 28 days to 14, or the fact that additional amounts of money are payable by the successful purchaser to the vendor. These special conditions of sale will relate to particular lots, and therefore must be read and understood prior to the bidding at auction.