First and foremost you need to know what we currently have for sale by auction. We have 6 - 8 auctions per year and generally only begin advertising the properties we have for the next auction 6 weeks prior to the sale, so you have to be constantly looking for what's new because as quickly as they appear they are sold.
When it comes to buying at auction the early bird certainly catches the worm! The best way to keep up to date is to sign up to our auction database directly through our auction website www.venmoreauctions.co.uk once on that you will receive all updates and notifications regarding our current and future auctions. Every auction has a closing date and we release an online catalogue. However, once we are instructed on any property we put them onto our auction website immediately, so to give yourself enough time to carry out all your due diligence, check our site on a regular basis.
We would advise that all prospective purchasers find out as much information as possible before bidding on a property. All properties for auction will be advertised with a guide price, this is an indication of the price the vendor is expecting to achieve and not necessarily the figure at which a property will sell. We would advise that all prospective purchasers arrange to view any lots they are interested in and viewings can be arranged by contacting the auction team via email at auctions@venmores.co.uk or on 0151 236 6746.
Please note that we may not gain access to certain properties and viewings will be external only, but we generally have access to over 90% of properties offered. All properties will be sold subject to the RICS Common Auction Conditions and any Special Conditions of Sale contained within the Legal Documentation which will be provided for each Lot to be sold at auction and this can be viewed online or at the auctioneer's offices in the run up to the auction, subject to it being received from the Sellers solicitors.Please contact 0151 236 6746 for further information. If you require a survey to be carried out on a lot, we would ask that you arrange for your surveyor to contact us direct to make arrangements for access. If you are arranging finance to purchase a property, we would advise this is done in advance of the auction date as many lenders will require a survey to be carried out.
Once a property is purchased completion is usually within 28 days and you should discuss this with your lender to make sure it will not cause a problem. Offers can be made on all lots prior to the auction date, you can make offers via email, in writing or over the telephone, you are not tied into any offer placed prior to auction unless it is accepted and exchange of contracts occurs. All offers will be submitted to the sellers for their consideration. If an offer is accepted prior to auction you will be expected to exchange contracts immediately with a 10% deposit.
Once exchange has occurred the property will be advertised as Sold Prior and will not be offered in the auction room. We offer proxy and telephone bidding for bidders who are unable to attend the auction venue. The proxy and telephone bidding forms can be found on the website or in the auction catalogue. We advise that potential purchasers contact the auction department on the day of the auction to establish if the lot(s) they are interested are still available as properties can be sold or withdrawn right up until the day of the auction.
We strongly recommend that all potential purchasers check that they have read and understood all the legal documents and terms and conditions for each lot they are interested in. Upon the fall of the gavel in the auction room a binding contract is made between the Seller and buyer. The successful bidder will be approached by a member of staff to come to the front to exchange contracts and pay the 10% deposit. Completion is usually 28 days thereafter unless varied in the special conditions.
