Conditions of Sale & Title
It is essential that you check the Conditions of Sale, Title
and Local Authority searches prior to committing yourself
to the purchase. It is advisable to employ a Solicitor for
this purpose.
The property, unless previously sold or withdrawn, will
be sold subject to the Special and General Conditions which
have been prepared by the Vendor’s Solicitors.
These Conditions may be inspected during
the usual office hours at the offices of the Vendor’s
Solicitors during the five working days immediately before
and exclusive of the date of sale.
The Conditions may be inspected in the
Sale Room between 6.OOpm and 6.3Opm immediately before the
sale, but will not be read. The Purchaser shall be deemed
to bid on these terms whether he shall have inspected the
Conditions or not.
Questions
Questions must be asked of the Auctioneers or Solicitors
before the Auction and will not be dealt with after it has
started.
Finance
Arrange your finance early. If you need a mortgage remember
that a Building Society is legally obliged to obtain a valuation
for which you will have to pay.
Inspection
We have not surveyed the property and it is essential that
you carry out your own inspection. You are advised to commission
a Surveyor to assess its condition. Your Solicitor will
advise you of a suitable firm and the cost of a survey is
small compared with the size of your proposed investment.
The Auctioneers accept no responsibility for the condition
of the property.
Availability
You should make the Auctioneers aware of your interest in
a property and check 2 days before to ensure that it has
not been sold prior to Auction. Purchasers are reminded
that properties are offered for sale at the entire discretion
of the Vendor and neither the Auctioneers or the Vendors
accept responsibility for abortive costs where a property
is withdrawn or sold before the Auction.
Bidding
We will take care to ensure that bids are not missed but,
in a room full of people, you must ensure your bids are
clear, preferably by raising your hand to attract the Auctioneer’s
attention. You should carefully assess your maximum bid
before the excitement of the Auction room, but it is sensible
to allow yourself some leeway, as you might regret losing
a property for a nominal sum. If you are apprehensive, consider
appointing a Solicitor or Surveyor to bid on your behalf.
The property will be offered for sale subject
to a reserve price and the Vendors, their Auctioneers and/or
their Agents shall be entitled to bid.
The Auctioneers reserve the right to regulate
the bidding and may, in their absolute discretion, refuse
any bid/s without giving a reason for refusal. In the case
of dispute as to any bid, the Auctioneer may forthwith determine
the dispute, re-offer the property or withdraw it.
Contract
The successful Bidder is committed to a binding contract
to purchase at the fall of the Auctioneer’s hammer.
Immediately after the Auction a Memorandum of Sale must
be signed by the buyer and in the event of failure to do
so, the Auctioneers may sign the contract on the Buyer’s
behalf or re-offer the property for sale with the Buyer
being responsible for consequential loss.
A deposit of 10% of the purchase price
must be paid by the Buyer immediately following the Auction
by Bankers Draft or Guaranteed Cheque.
Insurance
The Purchaser is responsible for Insurance of the building
from the fall of the Auctioneer’s hammer. It is prudent
to make arrangements for this to be put in place prior to
the Auction.
Measurements
All measurements and areas provided by the Auctioneers are
approximate, to give guidance only. It is essential that
you check any which are important to you as they cannot
be guaranteed.
Fixtures & Fittings
If you think that fixtures and fittings are included in
the price, you must check with us to confirm.
We have not tested services, appliances
and fittings and are unable to guarantee they are safe,
comply with regulations or in working order. You should
obtain specialist advice on such items.
Offers
You may wish to submit a Pre-Auction offer to tempt the
Vendor to sell prior to Auction. These offers may or may
not be accepted by the Vendor prior to Auction.
Particulars Plans and Photographs
The Auctioneers for themselves and the Vendors, whose Agents
they are, give notice that these particulars do not constitute
any part of an offer or a contract.
Intending purchasers must satisfy themselves
by inspection or otherwise as to the correctness of each
of the statements contained in these particulars, as neither
the Auctioneers, nor anyone employed by them has authority
to make or give any representation or warranty in relation
to this property.
The particulars are for you to identify
the property and are expressly excluded from the contract
as they are not intended to delineate the legal interest.
All enquiries relating to legal matters should be directed
to the Vendor’s Solicitors.
Value Added Tax
Properties which are registered for Value Added Tax will
be sold net of VAT and the Purchaser shall pay VAT to the
Seller in addition to the sale price.
Tenanted Investments
Tenancy details are provided by our Clients and cannot be
guaranteed by us.
Tenancies (particularly of residential
units) do change and you should check before the Auction
with the Vendor’s Solicitors to ensure that the tenancy
details and rents are accurate and remain the same as those
included on our marketing details. No responsibility is
accepted by the Auctioneers or the Vendor where tenancy
details have changed.
Planning and other Regulations
No warranty is given by the Seller or the Auctioneers that
the property or any part thereof is authorised for any planning
use or complies with regulations relating to such use. Purchasers
must make their own enquiries of the appropriate authorities.
Maggs & Allen Disclaimer
1. These particulars do not constitute
part or all of an offer or contract. 2. The Measurements
indicated are supplied for guidance only and as such must
be considered incorrect. 3. Potential buyers are advised
to recheck the measurements before committing to any expense.
4. Maggs & Allen have not tested any apparatus, fixtures,
fittings or services and it is in the buyers interest to
check the working condition of any appliances. 5. Maggs
& Allen have not sought to verify the legal title of
the property and buyers must obtain such verification from
their solicitors.
