The guide price is listed in the auction catalogue to give an indication of what the property is worth. It is not necessarily the price the property will sell for.
The reserve price is the lowest price that the vendor will accept. It is agreed between the vendor and the auctioneer and cannot be disclosed to interested parties.
The addendum contains updates, revisions, or amendments to the property information within the auction catalogue. It is important to check the addendum regularly, as it forms part of the legal information for the sale.
Yes. You can arrange to view a property prior to the auction. We also upload virtual tours for many of our properties where available.
To bid at our auction, you must complete the full online registration process. This includes:
Once approved, you may bid live online, by telephone or via a proxy bid.
If you only wish to watch the auction livestream, you do not need to register.
If you are the highest bidder and the reserve has been met, you will be required to:
Your £5,000 bidder security is automatically used toward your 10% deposit and £2,160 (including VAT) toward your buyer’s fee.
You must then pay any outstanding balance of the deposit and fees by the end of auction day.
The remaining balance is usually due within 28 days unless stated otherwise in the legal pack.
This is an auction administration fee payable by the buyer on exchange. Our Buyer’s Administration Charge is:
1.35%+VAT of the purchase price, subject to a minimum of £2,160 including VAT (£1,800 + VAT).
This payment is non-refundable and does not form part of the purchase price.
Sometimes. You may submit an offer before the auction day. All offers must be in writing and accompanied by:
If accepted by the vendor, you must be able to pay your deposit and exchange contracts immediately on auction terms.
You will be legally bound to exchange contracts immediately on fall of the hammer. You must:
The remaining purchase balance is usually payable within 28 days but this may vary so it is important you check the special conditions of sale.
Your Entrance Fee (£7,160) is refunded:
No fees are retained by Sutton Kersh.
If the property you were interested in doesn’t sell, it may be due to the reserve price not being met. Contact our team to explore options to still acquire the property.
If you need any assistance, please contact our auction team: auctions@suttonkersh.co.uk
In association with
Countrywide Property Auctions is a trading name of Countrywide Estate Agents Limited, Registered in England Number 00789476.
Registered Office - Cumbria House, 16-20 Hockliffe Street, Leighton Buzzard, Bedfordshire, LU7 1GN.
