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DJ&P Newland Rennie Property Auction house

DJ&P Newland Rennie Property Auction

DJ&P Newland Rennie holds regular property auction sales throughout the year. These include farms, smallholdings, agricultural land, barns for conversion, properties in need of renovation, ex-rental houses and flats, Local Authority and Housing Association surplus housing stock, as well as all types of town and country properties in high demand.

The Auction process is favoured for transparent and decisive sales or for individual property where the substantial competition will be generated. It is particularly attractive where the property is to be sold following a partnership dissolution or settlement of a Deceased Estate.

DJ&P Newland Rennie hold regular Property Auctions

DJ&P Newland Rennie regular Collective Land and Property Auctions are held throughout the year in Gloucestershire, North Bristol, North Somerset and South Wales. All Auctions are conducted personally by DJ&P Newland Rennie own Auctioneers who will inspect the property at the initial appraisal and who will advise on a reserve price if required.

DJ&P Newland Rennie will liaise with the acting Solicitor to ensure that the legal Auction Pack is prepared in advance of the sale date and made available to prospective purchasers. DJ&P Newland Rennie professional and pragmatic approach allows for title defects to be fully resolved in good time, ensuring a straightforward exchange and completion.

In addition to Property Auctions, DJ&P Newland Rennie conduct regular Machinery and Asset Auctions, usually at business cessation or restructuring. DJ&P Newland Rennie have significant experience in the agricultural, horticultural, food processing and builders construction sectors.

Property Auctions, DJ&P Newland Rennie

In addition to Property Auctions, DJ&P Newland Rennie conduct regular Machinery and Asset Auctions, usually at business cessation or restructuring. DJ&P Newland Rennie have significant experience in the agricultural, horticultural, food processing and builders construction sectors.

A guide to Buying at DJ&P Newland Rennie Auction 

Details of the DJ&P Newland Rennie Auction properties and land to be sold are set out in DJ&P Newland Rennie Auction catalogue. Auction catalogues are usually available online or on request online to be posted to you. All lots are sold subject to general conditions of sale. It is most important that purchasers satisfy themselves as to the availability, location, boundaries, conditions and state of all lots prior to the auction.

Viewing DJ&P Newland Rennie auction lots

It is essential that you view the properties which interest you as soon as possible. Viewing arrangements for each lot are contained in this catalogue.

Legal Documentation

There are special conditions and general conditions that apply to all lots being offered at auction. A copy of these should be available within the legal pack for each lot, a copy of which will be posted to the relevant auctioneer’s website as soon as possible.

Instructing a Solicitor

Before bidding at the auction, it is advisable to consult a solicitor/licensed conveyancer to advise you on the general and special conditions of sale, any searches that may be necessary, the Land Registry office copy entries and any other information provided.

DJ&P Newland Rennie auction guide Prices

Most are quoted in the catalogue available from the agency/office concerned, nearer the time of the auction. a guide price may change at any time. Lots may be sold at above or below the guide price and we cannot accept responsibility for their accuracy.

DJ&P Newland Rennie reserve Prices

All lots, unless stated in the catalogue, are subject to a Reserve price. This is the minimum price at which the seller has authorised the auctioneer to sell.

The bidding must reach or exceed the reserve price for the auctioneer to be able to sell. The reserve price is confidential. It is set by the seller in consultation with the auctioneer prior to the auction and may be subject to change right up to the start of the auction. The auctioneer reserves the right to accept bids from the vendor up to and including the reserve value.

DJ&P Newland Rennie Pre-Auction Offers

Offers must be in writing and will only be considered if the lot has been viewed and the legal documentation inspected. Pre-auction bids are on the basis of an immediate exchange of auction contracts upon acceptance by the seller. Any offer will be assumed to be your best and final offer and the auction house cannot guarantee that you will be invited to increase your bid in the event of an alternative, the satisfactory offer is received prior to exchange.

Finance & Mortgages

It is essential to arrange finance prior to the auction and for all surveys, valuations and inspection to take place before the bidding.

Unable to Attend DJ&P Newland Rennie auction?

If it is impossible for you to attend the auction there are two ways in which you can bid (each auction house has its own rules & methods). Firstly, you can appoint a representative or a solicitor to bid for you, and it is always advisable to write and inform the auctioneer. Also, give your representative a letter confirming that they are bidding on your behalf.

DJ&P Newland Rennie Proxy Bids

If you want to bid by proxy on the day of the auction the auctioneer may be happy for you to do so, check in advance with the relevant auction house. The Auctioneer usually holds a signed contract and deposit cheque at least 48 hours before the auction. Therefore, please contact the auction house in plenty of time to avoid disappointment.

Please contact the relevant Auction house for a proxy bid registration form or use the one shown on the relevant auction house website (link for this auction house is below) or the one in the auction brochure.

Registering at Auction & Means of Identification

You must register before the auction starts at the registration desk at the auction venue (each auction house its own rules check in advance what they are).  The successful bidder is required to provide two forms of identification (see registration form).  Please note that it is a requirement that you also provide documentation to confirm your name and residential address.

Bidding at DJ&P Newland Rennie Auction

If you have not bid at an auction before, it is advisable to be present when the Auction starts, listen to the Auctioneer’s opening remarks and follow the bidding in the early lots. The Auctioneer will indicate from whom the bid has been taken, but it is helpful to the Auctioneer for you to raise your hand or bidding card number clearly when you bid.

If the Auctioneer is in doubt whether the movement of a head or hand was in fact a bid, he will usually inquire “Was that a bid Sir/Madam?”  If you are the successful bidder, a binding contract is entered into between the seller and the bidder on the fall of the Auctioneer’s gavel.

You will then be approached by a member of the auction staff who will escort you to the sales desk.  At this point a deposit payment is required, the sum of 10% of the sale price is handed to the seller’s solicitor.

Don’t buy from any property auction until you have read the British Landlord Association property auction tip & guide

Click Here for DJ&P Newland Rennie property Auction website

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