Probate Auction Guide | How Probate Auctions Work

Set your maximum budget before the auction starts.

Remember to include additional costs such as buyer's premiums, taxes, delivery and repairs where applicable.

Once your maximum is reached, stop bidding.

Having a clear budget can help you avoid paying more than you originally intended.

Probate Property Auctions: Extra Considerations

Buying property through a probate auction requires additional preparation.

If you are interested in a property, review the legal pack before bidding.

This may contain important information about the property and the proposed sale.

You should also understand the auction's completion timetable.

Arrange suitable finance before bidding if required. Traditional mortgage arrangements may not always fit an auction purchase timeline.

For significant property purchases, consider obtaining advice from a solicitor or other appropriately qualified professional.

Do not rely only on the auction listing.