Page 62 - Clive Emson Auctioneers Catalogue Preview March 2026

Auction Advice

Buying by auction is a simple business, but there are
various matters that you should arrange prior to bidding
and if you follow the '5 Golden Rules' listed below, you
shouldn't encounter too many problems and, if you do, we
are always on hand to assist - so if you need any
particular point clarified or further help please contact us.

RULEl RULE 4
Browse this catalogue or lots Arrange Finance. If you are the
online to identify any properties successful buyer you will be
which are of interest. required to pay a IO% deposit
In cleared funds (or £3,000,
The lot information will provide whichever is the greater) to
you with viewing details
allowing you to book on the Auctioneers at the point of
exchange, together with the
appointment and in most cases auction administration fee.
there is a wolk-through video. If you require finance, again,
RULE2 arrange this before committing
Obtain a copy of the legal to the contract.
documentation. This is the
information the seller's solicitor RULES
provides and can include Be prepared. You will need to
Special Conditions of Sale, register online in order to bid,
(which may contain extra fees The process will usually only
and costs In addition to the bid take 10 minutes and requires
price), local authority searches you to provide personal contact
and, in the majority ot cases, all Information, buyers Information,
the documentation required for passport or driving licence
making an informed decision on number, solicitors details and a
whether to bid. debit or credit card.
It is important to remember It is also important to read the
that if you are not fully au fait 'Addendum' as this forms port
with property law you should of the Contract and is a list of
amendments to the marketing
seek Independent legal advice
from a solicitor or licensed information.
conveyancer. Sean the
RULE3 codeto
If required, make arrangements register for
to carry out a survey. This bidding
can be conducted before you
commit yourself to a legally
binding contract.