Many properties offered at auction are ideal for both professional developers and DIY enthusiasts wishing to get as much value as possible for their budget.
1. Review the property particulars, online auction legal pack and conditions of sale
Before you bid at the auction you should read the auction legal pack including the Common Auction Conditions of Sale and Special Conditions of Sale, check the property particulars and take legal advice from your solicitor if required.
2. Complete the Registration Form for Proxy, Telephone and Remote Online Bidding
You will need to complete the bidding registration form stating the details of the lot(s) you have selected, details of the buyer (and bidder if different), your solicitor’s details and confirmation that you will arrange a bank transfer for the Premiminary Deposit. If you intend to bid on more than one lot, please list the lot numbers of the lots you wish to bid on in the ‘Lot Number’ field.
3. Provide us with proof of identity and proof of address documents
We require documentation for the buyer, bidder and deposit payer in order to conduct the appropriate anti-money laundering checks. Details of acceptable documentation can be found on the last page of this form.
4. Return your completed Registration Form, no later than 48 hours before the auction date
Your Remote Bidding Form (available to download from our website at www.maggsandallen.co.uk) should be completed and submitted no later than 24 hours before the auction date. We must also be in receipt of your Preliminary Deposit monies and your identity documents before we can approve you to bid.
Please be advised all lots are subject to a Buyer's Premium of £1,500 plus VAT, which is payable to Maggs & Allen on the fall of the hammer.
An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
To see our full terms and conditions on buying at auction - click here
The Ministry of Housing Communities & Local Government have confirmed the housing market remains open.
All of our departments will be open for business as usual but please be assured that stringent measures are being followed to ensure of the safety of all our clients and staff.
We will continue to offer both physical and virtual valuations and viewings for residential, auction, commercial and lettings as will at our full range of RICS surveys.
If we can be of any assistance please get in touch:
Henleaze: 0117 949 9000
Clifton: 0117 973 4940
