The property market’s getting hot, and more and more folks are turning to auctions to buy or sell their homes. But it can be a confusing process.

Well, the good news is that the Royal Institution of Chartered Surveyors (RICS) has your back! They’ve just put out a brand-new guide to help you deal with the world of property auctions.

A Helping Hand for Buyers and Sellers

This guide is jam-packed with helpful tips for both buyers and sellers. It covers everything from choosing the right auction firm to understanding the key terms of the sale.

For sellers, the guide explains how to:

• Pick an auction firm that’s right for you.
• Make sure your sales details and legal documents are tip-top.

And for buyers, it’s all about:

• Getting prepped for the auction.
• Doing your research on the property.
• Getting expert advice when needed.
• Staying in touch with the auction firm right up until the property goes under the hammer.

The Auction Advantage – Quick and Clear

The guide also highlights the advantages of selling at auction. It’s quick! Completion usually takes just 4-6 weeks. And it’s clear! When the hammer falls, the buyer is legally bound to complete the purchase.

Don’t Go It Alone – Choose an Expert

But remember, you don’t have to deal with this alone! RICS strongly recommends you work with a professional, like a member of their organisation. They’re experts in the field and can help ensure everything runs smoothly and you get the best possible outcome.

Ready to Learn More?

The RICS guide is available now on their website: https://www.rics.org/consumer-guides/property-auctions

So, whether you’re thinking of buying or selling at auction, make sure you grab a copy of this guide and arm yourself with the knowledge you need to make the most of this exciting market!