Discover the Essential RICS Consumer Guide to Property Auctions
Whether you’re an auctioneer, buyer, or seller, understanding the ins and outs of property auctions is crucial. To support you, the Royal Institution of Chartered Surveyors (RICS) has released their comprehensive “A Consumer Guide to Property Auctions”, a valuable resource now available for download here.
What’s Inside the Guide?
This guide is designed to demystify property auctions, providing key information on the auction process, what to expect, and how to make informed decisions. It covers essential topics such as:
- How Property Auctions Work: A step-by-step guide to the auction process.
- Legal and Financial Considerations: Learn about the contracts, deposits, and fees involved.
- Tips for Buyers and Sellers: Practical advice for participating in property auctions with confidence.
- Common Mistakes to Avoid: Ensure you’re fully prepared and avoid costly errors.
Why Auctioneers Should Share this Guide
As an auctioneer, providing our clients with reliable, expert advice builds trust and improves their auction experience. RICS encourages all auction houses to share this valuable resource with buyers and sellers alike. It’s a simple way to empower your clients and enhance their understanding of the property auction process.
