Published on : September 12, 2017 17:05

Nick Green's Blog - Ask The Auctioneer

Not long to go now until the big day!

As the countdown to our September property auction commences, I thought I’d take a few minutes out to give you some pointers on how to prepare for the auction, get yourself organised and make the most of the day! So, here goes:

Where?

AJ Bell Stadium, Barton-upon-Irwell, Salford, M30 7EY
(Home of Sale Shark’s and Salford City Reds).

When?
Wednesday 13th September 2017.

Registration at 12pm with the auction kicking off at 1pm.

What you need to do:

Bring two forms of identification (passport or driving license with photo and a recent utility bill), your cheque book or debit card and all your banking details, as well as your solicitor’s full contact details.

If you are planning to bid on the day, you will need to register at reception where you will then be given a bidding paddle with your unique bidding number.

Arrive early. Registration is from 12pm and there is so much more happening than the auction itself. Our specialists are on hand to advise you on buy-to-let and auction funding, legals, planning, surveying, lettings, property management….and much more. You can view all the property legal packs on our state-of-the-art touch-screens and, of course, I’ll be on hand to help with any last-minute questions.

On arrival, get a copy of the Amendment Sheet. This is distributed around the auction room and contains late information or alterations. Don’t assume that all the properties included in the catalogue will be offered on the day – some may be withdrawn or sold prior to the auction.

Take a few minutes to familiarise yourself with the empty auction room before the auction starts so you are comfortable and confident in the surroundings.

Take a seat or stand somewhere in the room where the auctioneer will able to see you bidding clearly. I can advise you where’s best.

When bidding, make sure you gesture clearly at the auctioneer. Either raise your hand or nod/shake your head clearly. As the auctioneer, I will warn the room when I am about bring the hammer down.

If a property fails to reach its reserve price, don’t lose heart. The vendor may decide to accept your bid later at the end of the auction or in the days following. Make sure you leave your full details with me or another member of staff so that we can contact you if necessarily afterwards.

If you make a successful purchase, check whether you are required to insure the property from exchange. Usually, this is the responsibility of the seller (until completion), however sometimes this is passed on to the buyer.

Enjoy the day! And remember, I’m on hand to help with anything you may need.

If you need any last minute advice before the big day, call us on 0161 443 4740 or send an email to [email protected]