When the hammer falls
Series: Estate Agency News ; (165) March 2001, 10(1)Publication details: 2001Subject(s): Summary: Considers effects the Homes Bill could have on properties up for sale at auction, if it becomes law in January 2003. For instance, notes that auction houses will be required to supply a Seller's Pack to potential buyers who request one, and that this will involve considerable cost. Notes that auctioneers already provide most of the information that will have to be provided in the packs. One contentious exception is that they will be required to include a report giving details about the condition of the property. Overall, summises that although the Bill will change the procedure for auctioning residential property in England and Wales, it will not change the basic requirements.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS63623 (Browse shelf(Opens below)) | 1 | Available | 111489-1001 |
Considers effects the Homes Bill could have on properties up for sale at auction, if it becomes law in January 2003. For instance, notes that auction houses will be required to supply a Seller's Pack to potential buyers who request one, and that this will involve considerable cost. Notes that auctioneers already provide most of the information that will have to be provided in the packs. One contentious exception is that they will be required to include a report giving details about the condition of the property. Overall, summises that although the Bill will change the procedure for auctioning residential property in England and Wales, it will not change the basic requirements.