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John Francis Property Auctions

John Francis Property Auction

The firm John Francis has been trading since 1873 and there focus is on providing customer care by giving sellers and buyer’s expert advice and service during the sale process so that the whole experience is as smooth as possible. We have 20 residential offices, 5 Lettings Departments, hold 5 auctions a year and a Commercial Department covering the whole of Swansea and West Wales.

John Francis is traditional agents being able to deal face to face with clients but has led the way in advertising properties.  Marketing has changed and properties are now available on the internet 24/7 but the internet can only show the property whereby the skill of a good agent is to sell it. Combine this with Digital Marketing and you are assured that if you use John Francis to sell your home that John Francis will target the right buyers for you.

What really sets John Francis apart from the competition is that John Francis has the ability to genuinely market your property through our association with John D Wood in London.  In addition to John Francis comprehensive marketing package that John Francis already offer they now have another level of service to offer which promises to reach buyers from London.

All John Francis clients have the benefit of 20 offices offering their property to potential buyers. Sellers and buyers are also assured that they are dealing with Estate Agents that are trained, John Francis encourages all of John Francis Managers to qualify as NAEA Estate Agents and has genuine expert local knowledge on values and marketing.

John Francis carries out auctions holding 5 auctions a year at Parc Y Scarlets. In 2017 their results speak for themselves raising some £12 million in sales value giving us a success rate of 83%.  These statistics are very proud of.  Not many auction houses across the whole of the UK can claim such a high percentage success rate over the year.  The success of John Francis auctions is down to the trust placed in John Frances by many of John Francis sellers, hard work of John Francis staff and marketing attracting buyers locally and a wide range of buyers attending the auction in ever-increasing numbers.

John Francis Lettings Departments are spread with two covering the whole of the City of Swansea, The Gower and the Swansea Valley; the third, east Carmarthenshire including Llanelli and Ammanford, Carmarthen and the fifth, the whole of Pembrokeshire. Information on all properties in these departments is available throughout John Francis Lettings Offices.

John Francis Commercial department is a specialised department based in Narberth and covers west Carmarthenshire including Carmarthen town itself, Pembrokeshire, Ceredigion plus Swansea and the surrounding areas.

A guide to Buying at Auction 

Details of the John Francis Property Auctions and land to be sold are set out in John Francis Property Auction catalogue 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

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.

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.

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.

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

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.

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 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.

The seller’s solicitor will then prepare the contracts. THESE MUST BE SIGNED by the purchaser BEFORE LEAVING THE AUCTION ROOM.

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