Ask a Law Question, Get an Answer ASAP!
Ok I will wait a little longer.
The bungalow was built approx 25 years ago and I have had it for 4years now. There has never been any enforcement notice served and there are no obvious signs of any failings as such.
I am actually now thinking of selling it in an auction and will put the office copies, contract, TR1, epc in the auction pack and wouldn't bother with anything else such as Property Information form etc. As I will not provide any wrong information, there should be no comeback upon me; do you agree?
Secondly, if the property is sold prior to auction or post auction by the auctioneers as sometimes is the case, does the same maxim 'buyers beware' still apply?
I was also told that auctions are 'buyers beware' and one doesn't have to disclose anything and you have confirmed that. So why is there any need to clarify all this as it might make them unnecessarily suspicious?
As regards ***** ***** of the property, that is not a problem- it is registered and I have a plan too. The searches won't be in the pack, so it is obvious they get those if they want to. Do you not agree?
Ok fair enough.
I also need to clarify that if the property remains unsold in the auction room, but sold by the auction agent after the auction or was sold prior to the auction by the auctioneers, does the same maxim 'buyers beware' still apply?
Sorry, I am asking that if a buyer exchanges contracts POST-auction through the auction agent without any further enquires; the sale still classed as 'Sold in the auction' or not?
Also if the buyer does exactly the same, PRIOR to auction without any further enquires; the sale still classed as 'Sold in the auction' or not?
Many properties remain unsold at the fall of a hammer because either no one bid or it didn't reach the reserve price.
Upto 21 days after the auction, the auctioneers leave it on the market, and if someone is prepared to buy at the reserve price, the buyer either goes to a solicitor to get the ball rolling like normal conveyancing or he goes to auctioneers office and exchanges himself there & then before he goes to a solicitor to complete the job.
Please reply in either case; can he later say that the seller didn't supply complete information in the pack or the seller withheld some information.
I have drawn up a contract to take into account your advice- attached herewith.
Can I please ask you:
That's fine, thanks for letting me know.
Received notification of a reply but there's nothing here, so i will wait as you said, thanks
Hi< Thank you. That contract resembles a standard sales contract. The solicitors may have copyright over it if they have created their own version based on the standard terms. http://www.lawsociety.org.uk/advice/articles/standard-conditions-of-sale/ These are the standard terms that the Law Society Recommends that this contract is probably based on on. I would recommend using this as a reference point. Kind regards AJ
Yes, I have already seen the Law Society standard terms and that is what I have already based my contract on. I am aware that other solicitors' contracts are also similar format but I have not copied anyone's word for word or anything. But I nevertheless was concerned that my format/ layout is similar- possibly because they have all based it on the Law Society's format- could that be a problem for me? Surely I can use this format or can't I ??