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The hammer falling at an auction signifies the settlement of a binding contract between the client and the vendor. Earlier than the public sale, you have to also instruct your solicitor uk or conveyancer to organize a contract and particulars of any special circumstances of the sale. Possibly do an online search in the space, and see which property web site comes up first. Most auctioneers won't enable the reserve price to be set too excessive as a way to give the property a great chance of promoting.
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