What should a buyer look out for in the conditions of sale?

What should a buyer look out for in the conditions of sale?

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 buyer must read through the conditions of sale, making sure they understand the rules by which the auction is going to be conducted, and how the conditions of sale affect him when purchasing the property. The buyer should pay special attention to any special conditions of sale which relate to the box they are interested in. This is to see whether they are going to have a shortened completion time. You will find the general conditions of sale in the back of all catalogues, or often on the blue sheet. It is really important to make sure that you, the purchaser and your assistant have read these, understanding all the points and how they relate to the property you are interested in buying.