Maggs & Allen Property Auction
Maggs & Allen have been holding regular Auctions since 1989, selling all types of property and land in the South-West.
Maggs & Allen experience and expertise enables them to provide a professional and unrivalled auction service with the highest success rate in the region.
Maggs & Allen property Auctions offer one of the most simple and effective ways to buy and sell all types of property and land. Sellers at Auction will benefit not only from the best price under competitive bidding in the Auction room but also the speed and security that an Auction sale provides.
Maggs & Allen are Bristol’s leading Property Auctioneers, specialising in the sale of all types of residential & commercial property and land in all price ranges. Maggs & Allen cover Bristol & The South West region and are happy to carry out free, no-obligation Auction appraisals.
A Guide to Buying at Maggs & Allen Auction
Details of the Maggs & Allen Auction properties and land to be sold are set out in Maggs & Allen 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 Maggs & Allen 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.
Maggs & Allen 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.
Maggs & Allen auction 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.
Maggs & Allen auction Pre-Auction Offers
Offers must be in writing and only be considered if the lot has been viewed and the legal documentation is 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 before exchange.
Finance & Mortgages
It is essential to arrange finance prior to the auction and for all surveys, valuations and inspections to take place before the bidding.
Unable to Attend a Maggs & Allen auction
If you can’t 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 solicitor to bid for you, and writing and informing the auctioneer is always advisable.
Also, give your representative a letter confirming they are bidding on your behalf.
Maggs & Allen 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 as soon as possible to avoid disappointment.
Don’t hesitate to contact the relevant Auction house for a proxy bid registration form or use the one shown on the relevant auction house website (the 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 has its own rules check in advance what they are).
The successful bidder must provide two identification forms (see registration form). Please note that it is a requirement that you also provide documentation to confirm your name and residential address.
Bidding at Maggs & Allen 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 auction staff member 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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Disclaimer:
This post is for general use only and is not intended to offer legal, tax, or investment advice; it may be out of date, incorrect, or maybe a guest post. You are required to seek legal advice from a solicitor before acting on anything written hereinabove.
