We hope to make the process of buying property through Auction House Sussex & Hampshire as stress-free as possible. If you are interested in one of our private treaty (private treaty lots simply means, for sale in the normal way) properties, do speak to a member of our team for additional information and viewing arrangements. If it is one of our auction lots that is of interest to you, we recommend you follow our simple guidelines.
Catalogue
Register with us to receive an on-line or printed catalogue which will be available 2 - 4 weeks prior to the auction date.
Viewing
Identify the lots that may be of interest and contact us to arrange a viewing as we have a viewing schedule and block viewings on particular days. Please note we will only attend at these times if people have pre-booked. We generally only allow a 15 minute viewing period per person so please be prompt at the given time. If no one attends after 10 minutes, we will leave.
Guide Price
The guide prices are clearly shown against each lot and these may be subject to amendment in the period leading up to the auction. The guide price is a price range that the auctioneers expect the property to sell within.
Reserve Price
All lots unless specifically mentioned will be subject to a reserve price. This is a figure at which a property can be sold and will generally be between the parameters of the guide price, sometimes below it but never above the upper end figure. The reserve can also be subject to change right up to the start of the auction but will never be above the top of the guide price.
Register Interest
If you identify a property that you want to buy please ensure you register your interest online before the auction date.
Legal Documents
Inspect the legal documents, when available, and any special conditions. We recommend that you obtain independent legal advice before bidding. Legal documents can be downloaded free of charge following the link from our website.
Survey
If you decide to have a survey done please ask your surveyor to contact us and we will make the necessary access arrangements.
Finance
If you need to arrange a mortgage you will need to obtain an offer from your lender in principle before the auction day. Completion is generally 28 days after the auction (occasionally 14 days after the auction) and you need to clarify with your lender that this will not be a problem.
Prior Offers
Some properties might be sold prior to the auction but offers will only be considered if a property has been viewed, the legal pack inspected, and you have made all necessary enquiries. Offers need to be confirmed in writing or via email and will not be considered if they are below the guide price. If an offer is accepted you will be expected to come and sign the auction contracts in our office within 24 hours and pay a 10% deposit (minimum £3000) and our documentation fee of £1000 plus VAT.
Proxy Bids
If you are unable to view the livestream auction you can leave us a commission bid. We require a completed registration form. In addition we will need to undertake ID checks to satisfy the requirements of the Money Laundering Regulations. More detailed information on proxy bidding can be found in the front of the catalogue. Please make sure you make necessary arrangements with us at least 48 hours prior to the auction.
Availability
We strongly recommend that you register for a lot when you are interested. We will then sign you off to your allocated properties and preferred bidding process, before the auction date.
Terms and Conditions
We recommend that potential purchasers read and understand all the legal documents and our General and extra Conditions of Sale section which can be found in the back of the catalogue.
Auction Requirements
You will need to provide proof of identity to satisfy the requirements of the Money Laundering Regulations. For a list of acceptable documentation please refer to the front of the auction catalogue. We will also require details of the solicitor you intend to use.
An acceptable means of paying the deposit and documentation fee
We will provide you with our BACS details for transfer immediately after the auction and within 24 hours.
