First of all, you need a Home Report and EPC. If you’re property is already on the market and you have a home report don’t worry, we can still use that one. If, however you are bringing a property onto the market you will need to buy one. The cost of home reports can vary depending on the size, cost and location of your property however a starting point would be around £300, please do not quote us on that however, it is just a guide.
The next thing you will need to do is speak to a solicitor so a Legal Pack can be created. When someone buys at auction due diligence should be done prior to offering. This is one of the reasons your sale is much less likely to fall through after the offer is accepted. By providing a legal pack, this is allowing prospective buyers to do all their necessary research. Prices for the creation of a legal pack are likely to start at around £200.
Lastly, once your property has been to auction and a sale price has been agreed as is the case with Scots Law, you will need a solicitor qualified in Scots Law to do the conveyancing. Conveyancing costs again can vary from firm to firm however I would expect you would be able to find a firm to do this for you starting around £500.