What are Property Auctions?
Property auctions offer properties for sale by immediate, unconditional contract, which means that the fall of the electronic gavel constitutes an exchange of contracts between the buyer and seller.
Our innovative platform provides all the benefits of traditional auctions – speed and certainty of sale, transparency and zero risk of gazumping – but with the added advantage of being able to bid pressure-free from the comfort of your own home via desktop, tablet or mobile phone.
Viewing the property prior to sale
If you are interested in a particular property, please contact our office to make arrangements to see it. We will do our best to arrange an individual viewing to suit your requirements.
Legalities
Buying at auction is a contractual commitment, please take advice before proceeding.
Deposit/Finance
A 10% deposit is due on the fall of the hammer. This can be paid either by Cheque, Bankers Draft or by Card. Please note that if a credit card is used then a 2% surcharge will apply. Unfortunately, due to the money laundering regulations, we are unable to accept payment of the deposit by cash.
Check availability
You are strongly advised to check the property has not been sold prior to auction (some sellers may accept an offer prior to the sale date).
On the day of the sale
Arrive in plenty of time to check if there are any late amendments. Read through the legal package. Further information on each of our lots can be provided.
Contracts and conditions of sale
Contracts and conditions of sale will be available for inspection at the auctioneers offices and those of the solicitors seven days prior to the auction and the purchaser is deemed to buy with full knowledge thereof whether they have inspected the same or not. Once you have registered for an account, legal packs can be viewed free of charge.
Solicitors
The name and address of the solicitor representing the vendor on each of the lots offered can be obtained from Auctioneers.
Method of sale
The various lots contained within this web-site will be sold by public auction unless sold previously by private treaty. Interested parties are strongly recommended to telephone the auctioneers on the day of the auction to check the availability of any particular lot. Solicitors will be available approximately 30 minutes before commencement of the sale in order to deal with any enquiries relating to the various lots. Please note that no queries nor questions regarding either the contracts or the properties will be accepted once the auction is underway.
Planning consents/plans/rental agreements
Copies of planning consents, plans, rental agreements where available maybe inspected by the prospective purchaser.
Commissioned bids
At the discretion of the auctioneers, commissioned bids may be placed on the lots contained on this web-site by interested parties who are unable to attend the sale. For further information contact the auctioneers.
Guide Prices and Reserve Prices
- Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published.
- The reserve price is the minimum price at which the property can be sold.
- Both the guide price and the reserve price may be subject to change up to and including the day of the auction.
- All guide prices are quoted “subject to contract”.
- The latest published guide price, or range of prices, are displayed on our website.
- The latest published guide, or range of prices, will normally be at or above any reserve price.
- Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price – as the seller may fix the final reserve price just before bidding commences.
- If a guide price is listed as “TBA”, it means that there is no guide price at present. The guide price, or range of prices, will be published online immediately it becomes available. Please check regularly for updates.
- Lots may be sold or withdrawn prior to auction.
Thinking of Selling at Auction?
Take the first step by having a discussion with our property experts. We will arrange a professional valuation, explain the process in detail, and help you understand how we can market your property to achieve maximum competition and the best possible outcome.
Discover the Value of Your Home
Curious about how much your property is worth? At David James, we provide a complimentary, no-obligation property valuation. Our expert valuers will consider key factors like location, size, condition, and recent local sales to give you an accurate market assessment.