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Conduct of the Auction

with Barnett Ross Property Auctioneers & Chartered Surveyors

  1. Please note the General Conditions of Sale which are included in the hard copy catalogue (or click here to view) and the Special Conditions of Sale which are available on request or can be downloaded by accessing the 'Request Legal Pack & EPC' facility displayed at the top of each lot on each lot page on the on-line catalogue.
  2. Prospective purchasers are assumed to have inspected the properties in which they are interested and to have made all usual pre-contract searches and enquiries.
  3. The successful Bidder is Bound under Contract as soon as the Auctioneer's gavel falls on his/her final bid. Immediately thereafter the successful Bidder will be handed a Form to fill out supplying details of his/her name and address together with (if different) the name and address of the purchaser and those of his/her solicitors. He/she must also then supply a cheque for the deposit, which we will hold at our office. The bidder will be given our bank account details and must arrange to transfer the deposit monies to our client bank account the following day by way of a 'same day CHAPS payment'. Once these funds are received we will return the bidder's cheque by post.
  4. The information from the Form will be used to complete a memorandum of contract similar to the one at the back of the hard copy catalogue which the purchaser must sign and hand to the Auctioneer's staff prior to leaving the room.
  5. If the Purchaser's memorandum of contract is not signed, the Auctioneers, or any person authorised by them, will sign the memorandum of contract on behalf of the Bidder/Purchaser.
  6. The Auctioneers endeavour to have copies of Title Documents, Leases, Licences etc. and a Local Search available for inspection at their office, on-line (by accessing the 'Request Legal Pack & EPC' facility displayed at the top of each lot page on the on-line catalogue) and in the auction room. It is recommended that anyone wishing to inspect such documents should telephone first to ensure that the required documents are available.
  7. If any Bidders are intending to come to the Auction for a specific lot they are advised to check with the Auctioneers on the morning of the sale to ensure that the particular lot will be offered at the Auction as a lot can be sold or withdrawn at any time prior to being offered.
  8. Some plans or extracts from plans in this catalogue are based upon the Ordnance Survey Map with the sanction of the Controller of H.M. Stationery Office Crown Copyright reserved.
  9. RESERVE:
    The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

    GUIDE:
    Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase. A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

    The 'Guide' can be published as follows:

    a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
    b. A single price figure where the 'Reserve' is not to exceed it.
    c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
    d. A minimum and maximum price range where the 'Reserve' is to be within that range.

    The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via our website at www.barnettross.co.uk
  10. If a Bidder cannot attend the Auction and wishes to make a telephone or proxy bid, then arrangements should be made on a form available from the Auctioneers prior to the sale. Alternatively please click here to download the form.
  11. The purchaser is usually responsible for insurance on the property as and from exchange of contracts. We are usually aware of the existing cover and can often arrange cover immediately on the day at attractive rates.
  12. All bidders are advised to read the Special Conditions of Sale and/or Addendum which may refer to additional charges payable by purchasers.
  13. The Buyer or Bidder will be liable to pay Barnett Ross a non-refundable Administration Fee of £500 (including VAT) or such amount specified on the Particulars of Sale. This fee will be payable on exchange of contracts.
  14. Energy Performance Certificates (EPCs) - The Asset Rating for the EPCs that were available for lots at the time the catalogue was printed are displayed in the 'EPC Appendix' at the rear of the hard copy catalogue. EPCs for all lots can be viewed by accessing the 'Request Legal Pack & EPC' facility displayed on each lot page on the on-line catalogue.
  15. Where there is a disclosure under the Estate Agents Act 1979 this will be contained in the Special Conditions of Sale.
  16. PROOF OF IDENTIFICATION - The purchaser and/or bidder is to provide original documentation to confirm proof of name and address. Click here for Acceptable Documentation.

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