A new digital service has been launched by a West Country property auctioneer.
Bidders, who must first undergo statutory anti-money laundering checks, can download each lot’s legal documents, then make offers in the run up to the cut-off date and time.
Once the clock has reached zero, the highest bid is accepted if it is above reserve.
As in a live auction, the fall of the gavel means immediate purchase and exchange, with completion within 28 days and all of the legal responsibilities that entails.






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