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The day of the auction

Getting ready for our auction

If you're new to our auctions, it's worth understanding our process in depth, prior to placing any bids. As we outline what you need to do, and when to do it.

How our auction process works

Step 1

If you wish to bid at our upcoming auction you will need to go onto our website.

1) Click the 'Live Auction' tab to view all our auction lots.

2) Once you have decided which lot is of interest, you will then need to click the button 'View Lot', which will take you to the description of the property.

3) Once you are happy to register you will need to click on the 'Login / Register to Bid' button.

Step 2

Once you are fully registered we will run our anti-money laundering checks and you will be asked to transfer a refundable deposit amount of £6,000 plus our auction contract fee, which is £3,000 + VAT to our insured client account. This fee is non-negotiable.

Please note; all deposits and contract fees held in our client account are refundable up to the point of exchange of contracts. If a buyer changes their mind before the exchange and wishes to be refunded, all monies will be returned in full.

Once exchanged, monies become non-refundable.

Step 3

Once the deposit and contract fee have been received, the full auction contract pack will be sent to you electronically within 2-hours.

This pack typically includes:

  • Memorandum of Sale
  • General Conditions
  • Brochure
  • TP1
  • Office Copy Register/Entries
  • Title Documents
  • Transfer Plans

Once the legal pack has been sent, we can arrange a time to go through the pack and answer any questions you may have if you wish.

All buyers are expected to have carried out their own due diligence with regard to their proposed use prior to this.

Step 4

Assuming that you are satisfied with what you are purchasing, you will then have the opportunity to bid on our live-stream auction page.

You can find the live-stream auction page on our homepage as well as our 'Live Auction' tab on our website.

You will also be emailed the live-streem auction page once you have fully registered.

Step 5

If you become the successful bidder and win at the auction, this will result in an exchange of contracts immediately and your deposit becomes non-refundable. You are then legally bound to purchase the lot

However, if you are the unsuccessful bidder then your monies will be refunded within 5-working-days.

You will then receive the exchanged and executed contract immediately after the exchange has taken place with the completion documents to follow.

Completion monies must be arranged and then transferred in readiness for completion on an agreed date.

Important to note

Every care has been taken with the preparation of Barney Estates & Auctioneers' particulars, however, complete accuracy cannot be guaranteed.

If there is any point, which is of particular importance to you, please obtain professional confirmation; alternatively, we will be pleased to check the information for you.

Details are prepared as a general guide only, and should not be relied upon as a basis to enter into a legal contract, or commit expenditure.

An interested party should consult their own surveyor, solicitor or other professionals before committing themselves to any expenditure or other legal commitments.

All dimensions and measurements are approximate.

Note, for each lot, a contract documentation fee of £3,600 (inclusive of VAT) is payable to Barney Estates and Auctioneers by the buyer.

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* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.