THINKING OF BIDDING AT AUCTION? TIME TO GET ORGANISED!
March 3, 2016
With just two weeks until the latest Edward Mellor Auction commences, I thought I’d take a few minutes out to give you some pointers on how to prepare for the auction, get yourself organised and make the most of the day. Here goes:
Where?
AJB Stadium, Barton-upon-Irwell, Salford, M30 7EY
(Home of Sale Shark’s and Salford City Reds).
When?
Wednesday 16th March.
Doors open at 1:00pm.
What you need to do:
- Bring two forms of identification (passport or driving license with photo and a recent utility bill), your cheque book or debit card and all your banking details, as well as your solicitor’s full contact details.
- If you are planning to bid on the day, you will need to register at reception where you will then be given a bidding paddle with your unique bidding number.
- Arrive early. Registration is from 1pm and there is so much more happening than the auction itself. Our specialists are on hand to advise you on buy-to-let and auction funding, legals, planning, surveying, lettings, property management….and much more. You can view all the property legal packs on our state-of-the-art touch-screens and, of course, I’ll be on hand to help with any last-minute questions.
- On arrival, get a copy of the Amendment Sheet. This is distributed around the auction room and contains late information or alterations. Don’t assume that all the properties included in the catalogue will be offered on the day – some may be withdrawn or sold prior to the auction.
- Take a few minutes to familiarise yourself with the empty auction room before the auction starts so you are comfortable and confident in the surroundings.
- Take a seat or stand somewhere in the room where the auctioneer will able to see you bidding clearly. I can advise you where’s best.
- When bidding, make sure you gesture clearly at the auctioneer. Either raise your hand or nod/shake your head clearly. The auctioneer will warn the room when he is about to conclude a sale.
- If a property fails to reach its reserve price, don’t lose heart. The vendor may decide to accept your bid later at the end of the auction or in the days following. Make sure you leave your full details with me or another member of staff so that we can contact you if necessarily afterwards.
- If you make a successful purchase, check whether you are required to insure the property from exchange. Usually, this is the responsibility of the seller (until completion), however sometimes this is passed on to the buyer.
- Enjoy the day! And remember, I’m on hand to help with anything you may need.
Andy
Andy Thompson
07530 704 234
andy.thompson@edwardmellor.co.uk
Twitter: @AndyT___
You May Also Enjoy
Will the ‘Our Future Homes’ report address the needs of an ageing population?
Will the ‘Our Future Homes’ report address the needs of an ageing population? By Kevin Shaw at Leaders The government recently published an independent report, ‘Our Future Homes’, which considers our ageing population and looks at how housebuilders can meet the wants and needs of older people. It is widely acknowledged that not enough new homes…
Read More 
Zoopla: Over a quarter of parents ‘lie or break rules’ to get children into their preferred school
Admission Impossible: Over a quarter of parents admit to ‘lying or bending’ rules to get their children into preferred schools Over a quarter (27 per cent) of UK parents admit to flouting the rules to get their children into schools, rising to 38 per cent in London The number who admit lying is on the…
Read More 
Government planning reforms to protect nature
News that the Government has warned that the planning system must protect nature, as it unveils reforms Partner Alison Ogley, Freeths commented: “This is a potential game changer addressing the current inertia in the system, providing a solution that is more effective than individual developers trying to address environmental improvements on a project by project…
Read More 
Surge in demand for investment sector as interest rates drop
The latest insights from the UK’s number one commercial property website Rightmove reveals that there has been a surge in demand to invest in commercial property compared with the same period a year ago, as interest rates drop following the second Bank Rate cut. The trend marks a continued recovery for the investment sector as…
Read More 
7 Ways Self Storage Supports Business Growth in 2025
As businesses face increasing challenges in managing costs, scaling operations, and adapting to changing markets, self storage has emerged as an indispensable tool for success. Whether you’re a small startup or an established multinational company, self storage offers a practical, affordable, and secure way to handle the demands of modern business. As businesses grow, they…
Read More 
How much would Bridget Jones’ iconic London apartment cost today?
How much would Bridget Jones’ iconic London apartment cost today? A new study has revealed that the average price to purchaseBridget Jones’ iconic London apartment in the Borough Market area is now £415,090. The study calculated that this is a price increase of 182% since the first film premiered in 2001. The research obtained data…
Read More