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If it's an auction there is no cooling off period, no special conditions of the purchaser, no p&b or finance clause - you are expected to have completed all of your due diligence & sign a S66w.

Having sold off plenty of government property over the years we were required to get a valuation prior to setting the reserve, call eoi's from agents and get their opinions etc before taking them to auction. We wouldn't disclose the reserve to the auctioneer so the result would be referred...