Bromsgrove Estate Agents - A. Victor Powell

AUCTIONS

A Victor Powell are well known in the town for selling property on site, generally on a Saturday morning. Indeed, Adrian, who has followed in his father’s footsteps, is one of the only qualified practising Auctioneers in the town.

The A Victor Powell Guide to Buying at Auction

To many people (both private and professional alike), the idea of selling or purchasing a property through auction is an unknown quantity.  However, we believe that buying a property at auction can be a simple and clean-cut process that is open to a wide variety of purchasers.   We have the expertise and local knowledge to guide you through a potentially daunting process whether you are a vendor or prospective purchaser.

Viewings

If you have viewed like an auction Lot and decide that you wish to bid at our auction, please advise us so that we can update you of any amendments that might affect the sale of the property or changes in the guide price prior to auction.  

Professional Guidance

You will need to appoint a Solicitor and it may also be in your best interests to obtain a professional  survey of the property prior to the auction for your own peace of mind.

Legal Pack

Each auction Lot is offered with a “legal pack” which is prepared by the Vendor’s solicitor.  This contains title information, searches, leasehold/freehold documents and the sales contract.  You will find the Vendor’s solicitor contact information on our sales brochure.

Finances

Your finances will need to be in place prior to the auction.  If you are successful then you will be required to pay a 10% deposit as at the fall of the hammer contracts are deemed to have been exchanged.  Completion is usually set for 28 days after the auction.

Insurance

In general, the insurance of a property becomes the buyer’s responsibility on the fall of the hammer, so you will need to have arrangements in place for this.

Other Costs

A Victor Powell DO NOT charge a “buyer’s premium” and there are no other costs payable by the purchaser except for the usual fees associated with the purchase of a property such as Stamp Duty.

Most Important – If in doubt, please ask us – we have been auctioning land and property for over 65 years and are very happy to assist and advise you of this process.

A Victor Powell is one of only a few Chartered Surveyors within Bromsgrove.


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