A GUIDE TO BUYING A PROPERTY AT AUCTION

FAQ List

What are the advantages of buying at Auction?
What does the catalogue tell me?
Are the guide prices accurate?
Should I inspect the property?
Should I have a survey carried out?
What do I have to pay on the day?
What do I need to bring with me on the auction day?
Do I need to contact the Auctioneers prior to sale?
How do I bid?
What if I am the successful bidder?
Do I have to insure the property?
What happens if the property does not sell?
What happens if I cannot attend the auction?

QUESTION: - What do I have to pay on the day?

ANSWER: - Should you be the successful bidder, a 10% deposit (or £2000 which ever is the greater) will be due immediately. The auctioneers will accept cash, banker's draft or building society cheques. Please note personal or business cheques will only be accepted by prior agreement from the auctioneers. Credit card payments will not be accepted.