Auction Property
Buying auction property can be a good investment opportunity. However, it carries significant legal risks. Unlike normal subsale property purchases, auction sales are “as is where is,” meaning you accept the property in its existing condition, including undisclosed problems with non-negotiable contract terms.
Our firm protects auction buyers by conducting comprehensive legal checks before you bid, subject to official engagement and charges being collected.
Why Auction Properties Are Risky
• You must pay a 10% deposit immediately
• No viewing is guaranteed
• Property may be occupied by tenants/squatters
• Hidden debts such as maintenance fees or assessments
• Renovations may be illegal
• Title may have encumbrances or caveats
• The bank does NOT repair or compensate anything
Our Auction Buyer Protection Services
We ensure you bid safely with full knowledge of the property’s risks, with charges being paid to us. Our services cover:
Review Proclamation of Sale (POS)
We explain all terms, responsibilities, and risks.
Conduct Land Title Search
We check:
• Caveats
• Charges
• Restrictions
• Category of land use
Identify Legal Risks
Including encumbrances, unpaid quit rent or assessments reflected on land search.
Advise on Feasibility of Bank Financing
We help you avoid losing your deposit due to loan delay.
Handle Loan Documentation After Successful Bid
Fast preparation to meet completion deadlines.
Handle Title Transfer & Registration
Including stamping, land office submission & perfection of transfer.
What We Check Before You Bid
• Is the property free from caveats?
• Are there unpaid charges on title?
• Does the POS include important disclaimers?
• Is the title master, strata, or still under developer?
