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User Guide

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    Since it's foundation in 1989, leading independent estate agent Country Property is well known for conducting regular property auctions.

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    Selling
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    Can your traditional estate agent offer exchange of contracts, haggle-free after six weeks intensive marketing, and complete a month after with cleared funds in the bank?  We can - there's a 90% chance of it (statistics from EI Group).

    And our sold prices often exceed vendors' expectations because we provide an effective platform for competitive bidding.

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    Buying
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    What other method of sale provides our buyers with the required information up-front? The auction legal pack created by the seller's solicitor collates all relevant information to legally commit to a purchase, which we make freely available online prior to purchase.

    Certainty of sale means no problems with vendors' onward chains, gazumping or 'changed circumstances'.

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    Venue
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    Usually Chipping Sodbury Town Hall, 57-59 Broad Street, BS37 6AD, other venues to suit auction entries.  Auctions throughout the year so there is usually an auction to suit you, even at short notice.

    Not bidding this time?  No problem, join us anyway to see how it works.

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    in summary...

    With exchange of contracts on the fall of the gavel after an intensive six weeks of marketing, and prices which consistently exceed vendors' expectations, a sale by auction could be your solution.

    Auction will not be suitable for all types of property, so make sure you 'explore the avenue' from an agent who has the experience and knowledge to make it work. Just ask for a valuation in the usual way.

    * (our performance figures provided by EI Group: year 2015 - 2016)

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    Accreditation and Awards
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    Underwritten by RICS and NAVA and many other relevant professional bodies ensure our clients have the best possible service.

    Independent agents passionate about getting the best for their clients' property Sales, Lettings and Auctions.

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User Guide

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    Benefits of Selling at Auction

    By understanding the benefits of auction sellers can decide whether their property is suitable.

     Speed

    There are few faster ways of selling. The process can take as little as four weeks from instructing us through to an exchange of contract. You will likely bank the proceeds of your sale within 8-10 weeks from going to the market.

     Chance of Success

    Auction gives you a greater likelihood of selling your property than by private treaty. In recent years Country Property has sold around 90% of the lots offered. If you need a certain sale you really should consider the auction route.

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    Legal and Binding

    When the hammer comes down you have exchanged contracts, your buyer is legally committed and can't change their mind. This minimises the risk of a problem as the sale progresses.  

    Higher Profile Marketing

    Your property will be advertised intensively and proactively sent out to a targeted database of local, regional and national buyers. Your property will be featured in our high quality catalogues which are mailed and emailed to interested buyers and extensively promoted on the web.

    Open House Viewing Days

    We set up special viewing days for your property. Each is hosted by a member of our auctions team who can talk knowledegably about the potential that your property offers, and answer all manner of questions from prospective buyers. It is by talking with these viewers that we judge and develop their interest, and help guide you in setting the right Reserve Price

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    Competitive Bidding

    Our aim is to generate interest from two or more prospective buyers and to encourage them to bid against each other in the auction room. The process of competitive bidding helps your property to achieve 'best price' on the day. Sometimes buyers are so anxious to acquire a property that they will put in a very strong pre-auction offer - if in our view that figure is unlikely to be reached or surpassed in the auction room, we will recommend its acceptance under auction rules, and with a condition that contracts are exchanged in advance of Auction Day.

     Best Price

    Often properties achieve a sale price at auction in excess of the Guide Price. Regularly the result is ahead of that which might have been acceptable with a Private Treaty sale, but you can always be sure that it has achieved its best price on the day. This is especially important on Probate properties where Executors have a duty to achieve 'best price'; when sale by auction is chosen this is guaranteed and it's also open to public scrutiny.

    No Renegotiation

    With Private Treaty sales the price agreed often isn't the price that you finally receive. With Auction there is no renegotiation, no discounting to take account of survey findings or any last minute gazundering. With Auction the onus is on the buyer to fully research the property's condition prior to bidding.

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    Timescale

    If you are in a hurry or have a deadline to meet, then Auction could well be right for you. From the outset you will know the date of the Auction and legal completion will usually be set for 28 days thereafter. This timescale is fixed and legally binding to the two parties. Financial pressures and the need to relocate or dispose of a property within a specific time frame can be accommodated and are almost always met with a sale by auction.

    Continuing Tenancy Income

    Many investment properties are now being sold by Auction without vacant possession being obtained in advance. By retaining the tenant the vendor will continue to receive rent until completion date and the purchaser will start receiving an income from that date onwards.  Country Property sells a wide variety of occupied properties - Regulated Tenancies, Houses in Multiple Occupation, Assured Shortholds and others that are let commercially.

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Buyers 10 Steps to Auction Success

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    Know what You Want
    • Auctions do not work for everyone, so make sure the process is right for you and you understand what you are committing to when buying by this route. For many it is a great way to buy offering speed, certainty and transparency.
    • It is vital you know what you want and why you want it - if you are not totally sure on this you should not attempt to buy at auction.

     

    Keep Searching

    • Subscribe to newsletters to ensure you keep up to date with all available property lots
    • Keep reading local press and visit our website regularly to ensure you are fully aware of all upcoming auctions.
    • Hear about properties that are right for you as soon as they become available, this gives you the best chance to view options and plan your next move.

     

    View a Catalogue
    • View the electronic catalogue on our website or ask for the printed version; we can mail it to you or you can pick one up from our office.
    • This will contain finalised details of all properties in an upcoming auction - including photos, guide prices and usually a floorplan.
    • If a catalogue is not available, you can view draft property details on our website or they can be emailed to you on request.

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    Open Day Viewing
    • Try to visit the property on its first open day. If possible take someone with you whose opinion you value as this will help you make a better judgement on the property
    • Country Property staff will be available at the Open Day to answer any questions you have about the property.
    • Visit the property again - this will allow you to gauge whether the thoughts you had during your initial viewing were accurate.

     

    Surveys and Reports
    • Properties sold at auction may not always be in the best condition.
    • It is important to consider having a survey, quotes or reports from builders and specialist tradesmen before you decide to bid on a property.
    • Make sure you receive all of these prior to the auction and you have all the information you require before bidding on a property.

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    Legal Process
    • It is important to involve your solicitors in this process at the earliest possible point.
    • They will inspect the legal packs and other information, such as searches and planning permission - these can be accessed online.
    • Their advice and expertise could prove invaluable before committing to bid.
    • Remember once the hammer comes down it's too late to change your mind.

     

    Organise Finance
    • You will need:
    • 10% of the purchase price available on the day of the auction (subject to a minimum on low priced properties)
    • The remainder of the purchase price and fees in readiness for completion (usually within 28 days of the auction)
    • You can organise this with your financial adviser, bank or through the use of short-term finance and you must make sure that you will be able to complete the purchase on the date stated in the contract.
    • Note: It is important to contact your insurers as after exchange you will be responsible for the insurance of the property.

     

    Determine Your Bid
    • Be organised - ensure you determine your budget before the auction and include all costs that will occur after a successful bid, such as professional fees and stamp duty.
    • There will be an administration fee to be paid to the auctioneers for their services and there are additional charges on some lots. These will be identified in the auction pack and particulars.
    • Set a maximum bid level before the auction and make sure you stick to it to ensure you do not get carried away and exceed your means.

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    Auction Day Tips
    • Always check before the auction that the property you are interested in has not been withdrawn prior.
    • Arrive at the auction in plenty of time - we start promptly and you should make sure you are at the venue, parked and sat in clear view of the auctioneer's rostrum.
    • Last minute changes to catalogue entries will be handed out on an 'addendum' at the auction.
    • If you have any queries prior to the start of the auction, please speak to a member of the Country Property team.
    • Ensure you make it clear when you wish to bid on a property by holding up either your hand or a catalogue.
    • If you wish to bid a different amount than is being offered by the auctioneer, you can shout this out.

     

    After the Hammer Falls
    • The fall of the hammer signifies the sale which is legally binding sale.
    • At this point if you have been successful, you must pay a 10% deposit and sign a memorandum of sale.
    • Make sure you have forms of ID with you:
      • either a passport or driving license and
      • a current utility bill
    • If the property you are interested in does not reach it's reserve and is not sold in the room - speak with a member of the Country Property team and inform them you are still interested. It may be possible for a sale to be completed quickly under auction rules.
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User Guide

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Additional Services

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    Estate Agency
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    Through our sister company Country Property we offer a full service estate agency. Our team can assist with all matters relating to buying and selling property and are widely experienced in the local market.

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    Property Management and Letting
    We bring the same professionalism to managing and letting property. Our expert team will aid landlords in maximising the return on their property investment and assisting tenants to find high quality property to meet their needs. With a dedicated lettings office on the main street in Chipping Sodbury and all activities operated from here by our own team we can offer a dedicated local service in house. For more information call our Management and Lettings team on 01454 322339.

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    Property Valuations
    Nick Cragg, our Auctioneer and Chartered Surveyor is able to produce formal property valuations for use in probate and matrimonial matters. These are produced according to the Royal Chartered Institution of Surveyors (RICS) Red Book standards which are recognised for legal purposes. Due to the work and expertise involved this is a chargeable service. For an expert valuation contact Nick on 01454 321339.
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User Guide

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Meet our team

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    Experience our Expertise
    Country Property have been conducting auctions in Gloucestershire and the former Avon and Somerset areas since 1993 and joined the Auction House network in 2012. All of our team are experienced in auction activities and we work hard to ensure that we deliver an excellent service to buyers and sellers alike.

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    Nick Cragg FRICS, FNAVA, FNAEA  Auctioneer
    Nick is passionate about property of all kinds and he brings a wealth of experience and expertise to bear. Nick auctioned his first property in May 1983 and has specialised in property auctions ever since. As a Chartered Surveyor Nick can also assist with identifying potential survey problems and dealing with them so transactions are not delayed. Out of work Nick chairs the local branch of the RNLI, is an active Rotarian and member of the Chipping Sodbury Yacht Club.

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    Stephen Worlock
    Stephen joined us in 2007 after a career break in the family brewing concern. He spent five years with Andrews prior to that where he learned his trade. When not at Country Property Stephen loves to take photographs and play golf. He believes he holds the record for the greatest number of consecutive goes on the rapids at Center Parcs jointly with his nephew and niece (37).

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    Heather Holloway
    Heather joined us as someone with a lot of property experience but not in estate agency. She has developed into a key member of the team working across the sales activities from valuations to sales progression. Away from us Heather is working towards a black belt in Tae Kwon Do so we are all very polite to her.

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    Paul Cragg
    Our most recent recruit in sales, Paul joined us as a graduate and now has an integral role dealing with front line enquiries and driving our sales and auction systems behind the scenes. In his spare time he enjoys playing with motorcycles or musical instruments, and working with local drama groups and private music tutoring.
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    Disclaimer

    The content on this Microsite has been uploaded by Country Property Agents, Auctions. Rightmove Group Limited makes no warranty as to the accuracy or completeness of the content, any queries should be sent directly to Country Property Agents, Auctions. Where properties are displayed on a page, this comprises a property advertisement. Rightmove Group Limited who operate the website Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. These property advertisements do not constitute property particulars. The information is provided and maintained by Country Property Agents, Auctions. Please contact the agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland and if you have any query over the content.

    *Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

    Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

    Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Country Property Agents, Auctions on 01454 855060.