Preparing your auction property information for potential buyers is an important task and should therefore be undertaken carefully. Learn about what factors you should be considering during this process with MOVEHUT 's guide.
As part of your marketing campaign, it is important to understand what information buyers are likely to require when considering purchasing a commercial property. The principal considerations are suitability, location and price. A complete range of additional information should be provided to prospective buyers, in order to generate competitive bidding. Dependent on whether the site is for development or an existing building, the following details should be available on request.
Although it is not compulsory to provide all of these documents (i.e. local searches, planning permission), it is considered best practice to provide a comprehensive legal pack. This could negate several requests from a potential bidder’s solicitors seeking information on a piecemeal basis. The added benefit may result in a successful sale at auction.