Auctioneer Comments
This property is for sale by the Modern Method of Auction.Should you view, offer or bid on the property, your information will be sharedwith the Auctioneer, iamsold Limited This method of auction requires bothparties to complete the transaction within 56 days of the draft contract forsale being received by the buyers solicitor (for standard Grade 1 properties).This additional time allows buyers to proceed with mortgage finance (subject tolending criteria, affordability and survey). The buyer is required to sign areservation agreement and make payment of a non-refundable Reservation Fee.This being 4.2% of the purchase price including VAT, subject to a minimum of£6,000.00 including VAT. The Reservation Fee is paid in addition to purchaseprice and will be considered as part of the chargeable consideration for theproperty in the calculation for stamp duty liability. Buyers will be requiredto go through an identification verification process with iamsold and provideproof of how the purchase would be funded. This property has a BuyerInformation Pack which is a collection of documents in relation to theproperty. The documents may not tell you everything you need to know about theproperty, so you are required to complete your own due diligence beforebidding. A sample copy of the Reservation Agreement and terms and conditionsare also contained within this pack. The buyer will also make payment of £300including VAT towards the preparation cost of the pack, where it has beenprovided by iamsold. The property is subject to an undisclosed Reserve Pricewith both the Reserve Price and Starting Bid being subject to change.
Referral Arrangement
The Partner Agent and Auctioneer may recommend the servicesof third parties to you. Whilst these services are recommended as it isbelieved they will be of benefit; you are under no obligation to use any ofthese services and you should always consider your options before services areaccepted. Where services are accepted the Auctioneer or Partner Agent mayreceive payment for the recommendation and you will be informed of any referralarrangement and payment prior to any services being taken by you.