Buying at Auction? WATCH THIS FIRST

About this episode

Buying a property at auction can be one of the fastest ways to secure a great deal, but it can also be one of the easiest ways to lose thousands if you do not know what you are doing. In this episode of the OMZ Property Podcast, I sit down with William Michael, property lawyer, legal entrepreneur and partner at Taylor Rose, to discuss the hidden risks of buying at auction, why legal pack reviews are essential, and the costly mistakes investors, developers and first-time auction buyers often make. William shares his experience in residential conveyancing, commercial property, auction legal packs, bridging finance transactions and working with property investors and developers. We also discuss how conveyancing has changed, why cheap online conveyancing can create serious problems, and what buyers should look out for before bidding at auction. In this episode, we cover: ✅ Why auction legal packs must be reviewed before bidding ✅ The £10,000+ mistakes hidden in special conditions ✅ How buyers can lose their deposit after auction ✅ Why changing the buyer name after auction can cause problems ✅ The role of bridging finance in auction purchases ✅ Sol