Today is, Thursday 23rd November 2017

Auction Procedure

- Set a realistic guide price to create interest and give the property the best possible chance of achieving a sale.

- We market the property intensively for a period of around 6 weeks prior to the auction.

- The vendor's solicitor will produce a contract pack for purchasers, and their legal advisers, to look over prior to the auction.

- A reserve price is set prior to the auction. This is the lowest price which the property will be sold for at the auction. This figure is confidential between the vendor and the auctioneers.

- On the day it is advised to arrive in good time to ensure that you do not miss any pre-auction announcements which may affect your property.

- If the property is sold the purchasers are required to pay 10% deposit and sign the sale contract. Completion is usually set for 28 days after the auction date.

- If the property fails to meet to reserve then the auction team will try to contact any interested parties which are in the room to see if a sale can be agreed. If not we place the property back onto the open market. 

For further information regarding our auctions please us the online contact form or ring our Leek office.