After a Property Auction
1. Exchange of Memoranda: In general, the sale should complete on the first working day after five weeks from the fall of the gavel, unless specified otherwise in the Special Conditions of the Sale. You will be given a copy of the completed Contract For Sale which will be signed on the day with the vendors solicitor.
Please note: Properties are not sold ‘subject to contract’, ‘subject to finance’, or ‘subject to survey’ when you buy at auction. They are sold unconditionally. If you are the successful bidder you are legally obliged to complete the sale.
2. Unsold Lots : If a lot you want to buy is not sold you should speak to a member of DNG Flanagan Ford staff to register your highest bid before leaving the auction room.