The Auction Process
Our Property Auctions are held at The Queen’s Hotel in the Libbys Room.
Viewings and enquiries are welcomed from parties able to proceed under Auction Conditions. All bidders must have cleared funds available on the day of the Auction. Properties are offered with scheduled group viewings, and bidders are deemed to have inspected the property prior to bidding.
Legal packs are available free of charge from our office. To request a copy, please email or enquire via our website. Buyers are strongly advised to ask their solicitor to review the legal pack before the Auction. Please note that additional costs may apply, as detailed within the Special Conditions of Sale, including a contribution towards the seller’s legal fees.
The Auction begins at 11:00am. Prior to bidding, the Auctioneer will explain the Auction process and provide any relevant updates for each Lot.
Successful bidders must immediately sign the Memorandum of Sale/Auction Contract, which constitutes exchange of contracts. A 10% deposit is payable on the day, together with the Buyer’s Premium of £600 plus VAT, per Lot.
Completion takes place 28 days after the Auction date.
Guide Price
Any and all Lots will be presented with an associated Guide Price – an indication to potential bidders of the seller’s expectations. The guide does not dictate the amount at which a particular Lot will be sold and the figures are subject to change up to the point of sale.
Money Laundering Regulations
Bidders/buyers will be required to provide the Auctioneers I.D. to confirm their identity and address, this being prior to purchasing.
Payments
Deposit and Buyer’s Premium must be paid by bank transfer only, this taking place in advance of exchange of contracts.
