A prudent buyer will, before bidding for a lot at an auction:
If you choose to buy a lot without taking these normal precautions you do so at your own risk.
Buying at auction is a contractual commitment. Before making an offer prior to auction or bidding at the auction or post auction, it is advisable to consult a solicitor regarding the General and Special Conditions of Sale, the local authority search and other legal documentation.
Legal packs for most of the properties will be available for inspection. It is important you read these and the final addendum/amendment sheet which will also be available as any purchase will be subject to these.
Due to the nature of some auction properties, electricity may not be turned on therefore viewing times are restricted. Viewers will also have to bring their own lighting/ladders if wanting to inspect cupboards, cellars and roof spaces.
Due to the nature and condition of auction properties we highlight the potential risk that viewing such properties carries and advise all to proceed with caution and take necessary requirements to ensure their own safety whilst viewing any lot. Viewings are conducted entirely at your own risk, these properties are not owned or controlled by us and we cannot be held liable for loss or injury caused while viewing or accessing any Lot.
The plans, floorplans, maps, photographs and video tours published on our website are to aid identification of the property only. The plans are not to scale.
Where required, we include EPC ratings and graphs.
Guide prices quoted are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. The sale price will be dependent on bidding in the auction and on the Vendor's instructions.
Each property will be offered subject to a reserve price which we expect will be set within the guide price range or no more than 10% above a single figure guide. This is a confidential figure set between the Vendor and us just prior to the auction, it is a figure below which we cannot sell the property during the auction. After the auction, offers will be sought and considered on Unsold Lots at prices below the reserves.
Sales offers made on property included in this section may be accepted by the Vendor prior to the auction. In such instances, all buyer charges will be payable including the Administration Charge, any Buyers Premium plus all other payments detailed in the Special Conditions of Sale. The Auctioneers or Vendors cannot be held responsible for costs incurred in respect of any lot which is withdrawn or sold prior to auction.
In order to comply with Anti-Money Laundering regulations we ask that all prospective purchasers provide Proof of identity and Residence. If purchasing on behalf of a company you will also need a letter of authority on company letterhead. We will carry out Electronic AML checks on successful buyers and bidders.
The name, address and telephone number of the solicitor who will be acting for you in any purchase will be required immediately after the auction. All lots are sold subject to Special Conditions of Sale. It is important that prospective purchasers satisfy themselves as to the location, boundaries, condition and state of the lots before the auction.
If you are unable to attend the auction please contact us to discuss special arrangements for bidding by internet, proxy or telephone.
Each property will be offered individually by Pymm and co Auctions. All of our auctions are currently online only. You will enter your bid online, which you can do as a final offer or incremental bidding. If you are successful in bidding for the property you will be contacted by a Pymm and Co Auctions member of staff who will guide you through the final steps of purchase.
You will be required to pay a 10% deposit on the sale price on the day of the auction. Your £5,000 bidders deposit will go towards this. The balance must be paid by electronic bank transfer.
Exchange of contracts occurs on the auction ending. The Memorandum of Sale will be sent out to your solicitors. Standard auction completion usually takes place 20 business days after the contract date, but this date can vary. The legal pack of each property will state the completion date due.
If a property you are interested in is not sold during the auction please contact us and make an offer at, above or below the Guide. Your offer will be put forward to the Vendor and if accepted, you will be able to proceed with your purchase under auction rules.
Offers should take into account the Administration Charge, any Buyers Premium plus all other payments detailed in the Special Conditions of Sale as all of these are still payable irrespective of the circumstances.
Purchasers may be required to pay an administration charge. Purchasers of some lots may also be required to pay a Buyer Premium to the auctioneer in addition to the deposit. Please refer to each individual lot for details.
On some properties the seller will continue to insure through to completion. Others will need to be insured by the purchaser, and auctioneers advice to all purchasers is that they should consider insuring from the date of exchange.
Some disbursements may become payable by the purchaser on completion, these will be detailed in the Special Conditions of Sale within the Legal Pack.
Particulars on the website are believed to be correct but their accuracy is not guaranteed. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries to the appropriate Authority. All measurements, areas and distances are approximate.
