Members are asked to send in their views on the draft 3rd edition of the Common Auction Conditions document by 16 December.
The number of residential properties offered at auction rose by 32% in Q2 2007. The increase was pushed by repossessions, as affordability conditions deteriorated following interest rate hikes, says RICS research.
Why Buy at an Auction? Many people who are considering buying or selling a property may be unaware that sale by auction may be as good or even better method than more conventional means.
