Auction Rules

Afternoon Pinsters, My dear mother and I bought a repossession between us in the North (for 45k no less:). But she is worried that they might withdraw it or something. That isnt possible is it? Surely once the hammer has fallen they are obliged to go through with the sale?

Yes, you will have signed a contract and provided a deposit.

Wow, a real auction with actual sales…chances of this happening down south?

Above is correct. Contractually done one you sign and pay deposit. You will only have around 4 weeks to complete.

Thanks, thats put our minds to rest. Chances of auctions in the South with actual sales? Slim to Nil