Auctions are becoming an increasingly popular way of buying and selling property, whether by the traditional method where ‘the hammer comes down’ or by the ‘modern auction’ where, if successful, a buyer is essentially granted an option to purchase for a period of time.

At MKB, we regularly advise on the sales and purchase of properties at auction. When acting for buyers, we offer an initial consultation about the documentation contained within the auction pack, before dealing with the transaction in the event that you are the successful buyer.

When acting for sellers, we liaise closely with the auctioneer and the selling agents to prepare the auction pack prior to the auction. Upon confirmation of a sale, we will then proceed to complete the sale for you.

To discuss any matters relating to auctions, please contact our commercial property team.