How To Prepare For Auction Day

  1. Property knowledge - If you have any specific questions about a property in the auction, please ensure you contact our auction team atleast 1 day prior to the auction so they can answer any of your queries.
  2. Legal Pack - Obtain a copy of the legal pack for the property you are interested in purchasing.
  3. Bidder registration - To save yourself time on the day, you can register online by clicking here.
  4. Anti Money Laundering - As required by HMRC, we require two forms of identification for each buyer to carry out Anti Money Laundering checks.
  5. If you do not register prior to the auction, please ensure you bring with you two of the following documents
    • Passport
    • Driving License
    • Utility Bill or Council Tax Bill (dated within the last 3 months)
  6. Set your budget - Think about the maximum price you are willing to pay for the property and make sure you know how much the deposit will be.
  7. Transfer limits - If you are going to pay your deposit and fees via bank transfer, it is a good idea to contact your bank the day before and ask them to increase your transfer limit for 48 hours, ensuring sufficient funds are available and avoiding any delay on the day of purchase.
  8. Be punctual - It is advisable to arrive at the auction at least 30 minutes prior to the advertised starting time. Any additional information or changes to a property will be available in an Addendum or will be announced by the auctioneer before the auction starts. Make sure you are aware of any alterations as they could have a bearing on your decision to buy.
  9. Understand the difference between guide and reserve price.
  10. Be aware that each auction property is initially offered at a guide price and is also subject to a reserve price. The guide price is an indication of where the reserve price is, whereas the reserve price is the minimum amount the seller will accept. The reserve price is not disclosed to bidders but can be up to ten per cent higher than the guide price so bear that in mind when bidding.
  11. Make sure your bids are clear and concise - When the time comes, make sure your bids are clear; you will be given a paddle so that the auctioneer may easily identify you when you bid and should raise this high so it can be seen clearly. The auctioneer should make it quite apparent where and what the current bid is in the room.
  12. Phone/Proxy bids - If you cannot attend to bid personally, we will also accept phone or proxy bids. Please contact our Auction team for more information about this.

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