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If you are successful in
buying at auction when the hammer goes down you have exchanged contracts,
so it is important to make sure you have everything in place to
be able to complete the sale. Below is a checklist to help you insure
you are fully prepared.
View
the lots online or obtain a copy of the catalogue, which is available
2/3 weeks before the auction, request
for catalogue.
Visit
the properties you are interested in.
Obtain
advice on the condition of the property.
Enquire
about any planning or building regulations required.
Ask your solicitor
about any legal matters and ask them to view the legal pack online.
Click for legal packs
Make sure
you have the required finances in place guide prices are a general
indication as to the sellers reserve price.
To buy at
auction you must register first either telephone our auction department
on
01268 534554 or request a registration
form.
Alernatively
arrive early on the day to complete your registration and obtain
your number.
Proxy
or telephone bidders must complete the registrant process in advance.
Register
On
The Day
Arrive
early and register or obtain your number if you have pre registered.
Obtain
an addendum sheet and check to see if there are any last minute
alterations to guide / reserve prices or the legal packs.
Lots
are announced by number and address the auctioneer will suggest
the start price and regulate the bidding.
If you
wish to bid make sue the auctioneer can clearly see you and if you
are successful hold up your number paddle so the auctioneer can
record it.
Once
the gavel has been struck you will have bought the lot under a legal
and binding contract.
Go to
the contract desk and complete a purchase slip and the legal documents.
You will need to pay the required deposit and the purchasers administration
fee.
You are
responsible from the date of exchange for the property, so you must
insure it immediately.
After
the auction the written contract will need to be taken to your solicitor,
he will advise you when he will require the balance of the money.
If the
lot you are interested in is unsold you should talk to the auctioneer
and register your interest at the enquiry desk.
The auction
results are available the following day. link
to results
This is only a brief guide so if you have further questions do
not hesitate to contact
us.
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