What happens if I win an auction but change my mind?

If you win an auction on PropertyRoom but have a change of heart, we understand that circumstances can change. However, it is vital to note that once you place a bid and emerge as the highest bidder, a legally binding contract is formed. You are obligated to complete the transaction and honor your bid. Failing to do so may result in serious repercussions. If you decide not to proceed with the purchase after winning an auction, it is considered a breach of contract. PropertyRoom may take action against you, such as suspending your account or charging a penalty fee. Therefore, we highly recommend considering your bidding decisions carefully before participating in an auction to avoid any potential complications. In case of any uncertainties or concerns, we encourage you to reach out to our customer support team, who will be happy to assist you and provide further guidance.