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How to Bid
There are 3 main options of how to bid on the night of the auction: -
in person, proxy bid and a telephone bid
In person – on arrival at the auction venue, all person interested in bidding
must register at the foyer of the auction and obtain a bidders paddle.
Proxy bid – a purchaser who can not attend the auction may instruct in writing
a member of Pattinson staff to bid on their behalf under the terms and
conditions of the auction
Telephone bid – the interested bidder may bid over the telephone via a member
of Pattinson staff under the relevant terms and conditions of auction
For any proxy or telephone bidders a remote bidding form must be completed by
the bidder and keith pattinson must be in possession of cleared funds in
respect to the deposit if the bidder is successful.
All bids are to be made clearly. The Auctioneer reserves the right to regulate
bidding and to refuse undesirable bids. The vendor reserves the right to bid up
to the reserve price or authorise the Auctioneer to do so. In the event of any
dispute in respect to the auction, the Auctioneers decision is final.
Guide and Reserve Prices
All properties are advertised with a guide price. The guide price is intended
to indicate an approximation of the minimum acceptable price. These guide
prices should not be interpreted as asking prices and are purely for guidance.
Prospective purchasers are strongly advised to contact Keith Pattinsons on 0845
1461582 to check availability of each lot prior to the auction sale. Whilst
every effort is made to ensure guide prices are not misleading, it is possible
that the reserve price set for an auction lot may exceed the quoted guide
price. All properties, unless otherwise stated, are sold subject to a reserve
price.
Unconditional Auction
ALL PROPERTIES OFFERED IN THIS SECTION ARE SOLD SUBJECT TO THE GENERAL
CONDITIONS OF SALE AND SPECIAL CONDITIONS WHERE APPLICABLE.
On the fall of the gavel, the successful bidder is legally bound to purchaser
the property and the Auctioneer will immediately collect a 10% deposit from the
purchaser and exchange of contracts will occur. The auction conditions require
full legal completion twenty-eight days following the auction.
It is important to realise that on acceptance of an offer, the purchaser is
legally bound to buy and the seller is legally bound to sell within the agreed
time limit.
Those sellers entering a property into the unconditional auction must ask your
solicitor to consider preparing special auction conditions for your property
which will give the prospective bidders more information regarding the legal
arrangements for the sale of your property and to ensure buyers are fully
informed concerning the particular circumstances of the transaction. Special
conditions take effect in addition to the General Auction Conditions which are
published in the Auction Brochure.
Conditional Auction
Where properties are sold under the conditional terms and conditions
the General Auction conditions do not apply and all acceptable bids are deemed
to be made in accordance with the following arrangements:
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Where the Auctioneer takes an acceptable bid then subject to these conditions
the buyer and seller agree to use their best endeavours to proceed to a formal
exchange of legal contracts within 28 days the time limit will expire at
1700hrs on the 28th day following the date of the auction or acceptance of an
offer if sold pre or post auction.
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A non-refundable reservation charge must be paid by the buyer immediately
following the conclusion of the auction or acceptance of an offer. This must be
paid by cleared funds to the Auctioneer who will issue an Acknowledgment of
Reservation
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Following the auction and in the 28 day period following the auction the seller
agrees as follows:
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The Seller will immediately instruct solicitors promptly to dispatch the
contract and accompanying papers to the buyer’s solicitors and to deal promptly
with proposed amendments or variations to the contract and provide answers to
enquires.
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No sale contract or details of the title of the Property will be sent to anyone
other than the buyer’s solicitors.
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No property negotiations will be conducted with any third party for the sale of
the Property.
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No other person will be allowed to view the Property.
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The buyer agrees within 2 days following the auction or acceptance of offer:
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To instruct a surveyor and/or accept liability for surveyors’ fees by making a
mortgage application.
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Once received, propose any required amendments or variations to the sale
contract.
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Once property papers are received by its solicitors, raise all substantive
preliminary enquires
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It is hereby agreed between the parties as follows:
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The seller has entered into the Agreement because the buyer has given certain
commitments as herein mentioned, if the Buyer fails to comply with them
strictly in accordance with the timetable this Agreement shall immediately
lapse.
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If the Buyer decides not to proceed with the transaction as negotiated he/she
shall immediately inform the Seller whereupon this agreement will lapse.
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This agreement is an independent contract and does not bind the Seller or the
Buyer to the transaction.
Viewings
All persons wishing to view any property should call the office listed with
each lot to make further arrangements.
Notes
To the best our knowledge all details are correct at the time of going to
press. The sale is held in two distinct sections. Please read the notes
carefully relating to the differences in these sections.
Deposit payments made by a credit card will be subject to a 3% surcharge.
In all cases, whether the property is sold prior, on the night or post auction,
the successful buyer will be required to pay a buyers registration fee of £150
inclusive of VAT.
All buyers are required to produce a form of identification, preferably a
drivers licence or passport.
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