auction report

Pre-Auction Property Legal Check

Auctions are now becoming quite a popular way of conducting sales of Real Estate. Some industry professionals advocate that this process is quick, easy and transparent and that buying at auction is probably the simplest and most straightforward method of purchasing a property.

Well, it may well be so. However, the one should not forget that in this case the contract is generally unconditional and apart from having all your finances sorted out, you must have conducted all your due diligence work beforehand. A winning bid at auction will create a binding agreement to purchase that property and a 10% deposit is usually required to be paid on the day.

To help you with your due diligence enquiries we can provide you with a pre-auction property legal check. If supplied to us, we will comment upon the title and all relevant encumbrances and registered interests as well as go through LIM report and provide you with a snapshot of issues you need to be aware of. LIMs usually include an information about the zoning of the property, building consents for additions or alterations to the buildings, payment of rates or public works in the area. This information generally varies from council to council, depending on the extent of its records.

If you wish us to help you with your pre-auction property checks, then simply contact us by phone or This email address is being protected from spambots. You need JavaScript enabled to view it. and provide the property details. Our fee for this service varies depending on the information which needed to be queried and will be quoted to you accordingly upon application.

We urge you not to leave it until the last day before the auction and to get in touch with us as soon as possible.