Selling At Auction

Our selling fees start from as little as £995 plus VAT.

If you own RESIDENTIAL, COMMERCIAL, AGRICULTURAL or EQUESTRIAN property or land and you wish to sell, consider the advantages of sale by auction:

  • Sale price fixed and legally binding
  • Clearly specified time-frame for the sale
  • Completion within 28 days after the sale
  • Block viewings easily accessible to potential buyers

Property auctions are ideal for deceased estates, probate, family division and for those seeking to liquidate funds in a short space of time, as simply and efficiently as possible.

The Ashby Lowery service gives you

  • An appropriate valuation of your property
  • Advice on the best possible selling price
  • Effective advertising in local/national press
  • Advertising on major property portals e.g. RightMove, PrimeLocation, FindAProperty etc.
  • Individual property particulars
  • Viewings arranged and conducted by our dedicated team
  • Expert professional advice throughout

And we handle the entire process on your behalf.

Buying At Auction

These are the main points you need to know if you are considering buying a property at Auction.

Before the Auction

Full details of our Auctions can be seen 3 to 4 weeks prior to each Auction date, on our web site at www.ashbylowery.com/auction This includes all properties to be offered for sale, with guide prices for each property. Please note that a Guide Price is an indication of the lowest price the vendor is likely to accept.

If you are interested in any property, you should register your interest by e-mailing info@ashbylowery.com and please include the LOT NUMBER of the property, as well as your CONTACT DETAILS.

You can register interest in more than one property.

You should arrange to attend the scheduled VIEWING for the property you are considering bidding for – details can be found on our web site at www.ashbylowery.com/auction

Legal documents pertaining to the property will be available for inspection prior to, and on the day of, the Auction.

If you wish to have a SURVEY carried out, please arrange for your Surveyor to contact our office on 01604 609602 to arrange access.

At Auction

Anyone can attend as Auctions are public, but anyone interested in a property should register on the day by completing our REGISTRATION FORM. On completion of the form, you will be given an Auction paddle to use when bidding.

To be eligible to bid, you must bring the following with you:

  • 2 items of photo ID (e.g. Passport, driving licence etc.) and evidence of your address (e.g. Utility bill, bank statement etc.) (as per the Money Laundering Act 2007)
  • Your Solicitor's details
  • Debit/credit card or cheque book (UK registered banks only)
  • If bidding for a third party, written confirmation of your authority to act on their behalf

Make sure you view the latest copy of the Addendum and listen for any announcements made by the Auctioneer during the Auction – these will form part of the contract of sale.

MAKING YOUR BID

Before the bidding, the Auctioneer will announce the LOT NUMBER and will advise of any last-minute amendments to property details.

Once offers are invited, you may bid by raising your paddle – make sure the Auctioneer acknowledges your bid each time.

Properties can only be sold at or above the reserve price fixed by the vendor; once the reserve is met, the Auctioneer will identify the highest bidder before dropping the hammer.

If you are the highest bidder, you have successfully purchased the property and a legal contract has been formed. The Auctioneer will ask for your paddle number and you will be given a sales slip for you to sign, then you will be shown to the deposit desk.

PAYMENT

At the fall of the Auctioneer's hammer you will be required to pay a deposit of 10% of the sale price (minimum £2,000); this payment can be made by debit/credit card, banker's draft or cheque (UK registered banks only). Payment will also be required for the Buyer's Administration Fee of £200 + VAT (if paying by cheque, we require separate cheques for the deposit and the Administration Fee)

Two forms of photo ID will be required (e.g. driving licence, passport) and proof of address (e.g. recent utility bill, bank statement).

EXCHANGE OF CONTRACTS

On receipt of your deposit, you will be required to fill out 2 copies of the Sales Memorandum, one to be retained by Ashby Lowery to be passed to the vendor's solicitor, the second copy will be given to you at the contracts desk. You need to pass this copy to your solicitor immediately to ensure completion within the specified time-frame.

If you cannot attend the Auction

You may submit a written offer or telephone bid to our office before 1pm on the day prior to the Auction; bids can also be made via the internet at www.i-bidder.com/AshbyHumbert, once you have completed the relevant documentation payment will also be required in the form of cleared funds equal to 10% of the minimum guide price (minimum payment £2000) + Buyer's Administration Fee of £200 + VAT

These payments will be held within the Ashby Lowery client account and, should your bid not be successful, will be returned subject to these charges:

  • No charge for Deposit/Buyer's Administration Fee if paid by debit card
  • 1.75% charge for credit card payments
  • £25 Deposit/Buyer's Administration Fee if paid by bank transfer

After the Auction

LOTS NOT SOLD AT AUCTION

If you bid on a property and it does not sell, you should advise us, before you leave the Auction Room, of the highest offer you will consider making so that we can submit this offer to the vendor for consideration.

AUCTION RESULTS

All details of sales, prices etc., can be seen on the day following the Auction, on our web site at www.ashbylowery.com/auction

COMPLETION

Completion will take place as per the Contract.

Once completion is confirmed in writing by the vendor's solicitor, Ashby Lowery will hand the keys for the property to the buyer.

Sell Your Property At Auction

Selling properties at auction offers many advantages to both vendors and buyers. This is the Ashby Lowery way to a quick, efficient and cost-effective sale.