{
  "name": "Buying at Auction",
  "canonicalUrl": "https://agents.as4.tech/auction-house/east-anglia/buying-at-auction/",
  "scope": "Traditional unconditional property auctions in England and Wales",
  "summary": "Due diligence happens before bidding. A winning bid normally forms a binding contract at the hammer, with ownership and keys transferring on the contractual completion date, often around 28 days later.",
  "steps": [
    {"position": 1, "name": "Prepare", "action": "View the property, obtain advice, review the legal pack and arrange finance."},
    {"position": 2, "name": "Bid", "action": "Register, set a maximum and bid within it."},
    {"position": 3, "name": "Exchange", "action": "The winning bid normally creates a binding contract; the deposit and applicable fees become payable."},
    {"position": 4, "name": "Complete", "action": "Pay the balance and receive ownership and keys on the contract date."}
  ],
  "importantQualification": "The legal pack and special conditions govern every lot. Completion can be sooner or later than 28 days. Conditional and modern-method auctions work differently.",
  "officialLinks": {
    "eastAngliaLots": "https://www.auctionhouse.co.uk/eastanglia",
    "buyerInformation": "https://www.auctionhouse.co.uk/buying-at-auction/buyers-route-to-auction-success"
  },
  "lastReviewed": "2026-09-22"
}