THINKING OF BIDDING AT AUCTION? TIME TO GET ORGANISED!

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:

  1. 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.
  2. 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.
  3. 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.
  4. 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 Don’t assume that all the properties included in the catalogue will be offered on the day – some may be withdrawn or sold prior to the auction.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. 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.
  10. Enjoy the day! And remember, I’m on hand to help with anything you may need.

Andy

Andy Thompson
07530 704 234
[email protected]
Twitter: @AndyT___

You May Also Enjoy

Breaking News

BREAKING PROPERTY NEWS – 04/07/2022

Daily bite-sized proptech and property news in partnership with Proptech-X.   PRESS RELEASE: Backing by real estate market leaders ING Ventures, JLL Spark, Blackstone and Concrete VC will help accelerate PRODA’s efforts to scale its transformative rent roll data platform PRODA, the London-based data processing and analysis platform, has announced the completion of its Series A…
Read More
does a garage add value to your property
Home and Living

Does a Garage add Value to your Property?

The most important part of this subject, well leastways for me, is if you have the space / land available so to have the choice of either a garage or not. Surely this plot of land holds the value and it is over to the home owner if they would like a garage or not?…
Read More
Letting Agent Talk

How to Be an Awesome Landlord in 2022

Some people may view being a landlord as an easy way to make money, but there’s much more to it if you want to truly excel in this role. The best landlords always go above and beyond to provide comfortable homes for their tenants and make them feel as welcomed as possible. Indeed, to be…
Read More
Property for sale
Estate Agent Talk

Selling Your House? Here’s What You Need To Do

Selling your house is a big decision. It’s not something you do every day or even every year. So, when the time comes to sell, you want to make sure you’re doing it right. That means getting the best possible price for your home and making the process as smooth and stress-free as possible. So,…
Read More
Estate Agent Talk

What Are The Factors To Appreciates The Real Estate Property Prices

Are you planning to sell your home? Are you buying a home? Whatever the scenario is, there are some things that you need to look after. In case you are selling your house, you have to set the price on the basis of those factors, or you need to ensure that all these things are…
Read More
Breaking News

WEEKLY NEWS ROUNDUP – 01/07/2022

A roundup of the week’s top property and proptech news stories in partnership with Proptech-X   Table of ContentsHide On The Market: Housing market starts to rebalance as remarkable buyer and seller confidence prevails Renting to Students: TDS Poll Confirms Common Issues and Reasons for Disputes in Student Lets LexisNexis and Coadjute partner speeding property market…
Read More