#AskTheExperts - Questions for Potential Purchasers at Auction.
May 14, 2018
At Ryder & Dutton we pride ourselves on our knowledge within the industry and the unique service we provide to our clients.
It is with this in mind that we are launching our #AskTheExpert series, a collection of some FAQs from a number of different areas within the property world, which we think will really help some of you with somethings that you just aren't sure about...
Can I buy a property before auction?
A. Yes, but the sale would proceed under auction conditions, pay 10% deposit subject to a minimum £5,000, the buyer’s administration fee/buyers premium and complete within the terms of the Special Conditions. Should you not wish to attend the auction we can also liaise with you post auction should a property still be available, again the sale would still be subject to auction conditions.
Can I view the properties?
Yes we have open viewings scheduled on vacant properties. These are displayed online at www.auctionhouse.co.uk/manchester or www.auctionhouse.co.uk/westyorkshire. There will be no viewings on tenanted properties.
Can you send me the legal pack?
When the legal pack has been prepared you can download it from our website at no extra cost below.
What do I need to provide so that I can bid on property?
You will need to register upon arriving at the auction and you are required to provide 2 forms of ID (one photographic and one proof of address) and also a method of payment (cheque or debit card).
Can I get a mortgage for an auction property?
You will need to speak to your lender to ensure you have the mortgage for that particular property in place prior to bidding as you run the risk of losing your deposit/fees if you don’t complete within the terms of the Special Conditions.
Do you charge for auction appraisals?
No, we are currently offering ‘No Sale No Fee’ and we can arrange for a valuer to provide you with an auction appraisal. We have a success rate of 82% for properties sold at our auctions in 2017.