| 23rd June 2006 |
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Buying properties
at auction has long been mainly the preserve
of developers. However the internet is
leading a revolution by enabling far more
people to be involved in buying by auction.
Already the internet has led to a revolution
in the way people look for property. This
has enabled private sales to take place
and in so doing bypassing agent’s
fees. Now there are companies carrying
out auctions online in a similar way to
that used by eBay. The motto still has
to be “caveat emptor” “let
the buyer beware”. Fairly simple
and relatively inexpensive searches can
be made prior to making a bid. These can
be made online with LandSearch. |
| |
Buying properties
at auction has long been mainly the preserve
of developers. However the internet is
leading a revolution by enabling far more
people to be involved in buying by auction.
Already the internet has led to a revolution
in the way people look for property. This
has enabled private sales to take place
and in so doing bypassing agent’s
fees. Now there are companies carrying
out auctions online in a similar way to
that used by eBay.
|
|
| |
The motto still has to be
“caveat emptor” “let the buyer
beware”. Fairly simple and relatively inexpensive
searches can be made prior to making a bid. These
can be made online with LandSearch.
|
| |
The property may look wonderful
from a brief visit but it will have its selling
coat on and is meant to entice the buyer into
making a bid for the property. Before Home Inspection
Packs come in next year the seller does not
have to provide the buyer with information about
the property. It is up to the buyers to find
out for themselves.
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There are a range of items
that the prospective buyer ought to consider.
Are there any rights of way or rights of access
that may affect the property? Are the boundaries
to the property clear? Are there any covenants
that affect the use of the property? Is there
any subsidence in the area as a result of mining?
Is it well clear of any flight paths and interference
from low flying aircraft? Has planning permission
been applied for or granted for any major changes
in the area, such as opening a new superstore
or factory? Is the area subject to Radon gases?
Is the value of the property affected by any common
land laws? Where are the gas, electricity, drainage
and water routes? |
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All of these can be ascertained
before a purchase is made. LandSearch through
its land registry and other searches is able to
provide this information to its customers.
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LandSearch is the leading
online supplier of Land Registry, Local Authority,
Environmental and other searches for the whole
of the United Kingdom and Ireland.
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| We can supply Property Registers and Title Plans,
names of owner information, searches on land without
a postal address, home information packs, rights
of way and rights of access searches, boundary dispute
searches, history and manorial searches, bankruptcy,
judgement and company searches and many more. |
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