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01274 649 684 www.westyorkshirepropertyauction.co.uk Live Auction Date: Wednesday 24th October @ The Cedar Court Hotel, Bradford, BD5 8HW LOTS IN THIS BROCHURE 50 PRICE RANGING FROM £1 - £220,000 SOLD AT OUR LAST EVENT 74% ESTATE AGENT BRANCHES 140+ covering: Bradford Leeds Wakefield Kirklees Calderdale Halifax Huddersfield Live Auction Date: Wednesday 4th October 2018 Register From: 18:30 Auction Starts: 19:00 The Cedar Court Hotel, Bradford, BD5 8HW 1 WEST YORKSHIRE YORKSHIRE ROERTY AUCTIONS WESTPROPERTY YORKSHIRE AUCTION PROPERTY AUCTION SOLDSOLD BY AT AUCTION AUCTION! EENT CALENDAR 2018 SOLD IN 10 DAYS 22 VIEWINGS EAST SOUTH WEST 15 Bright Street, Mirfield 11 Apperley Road, Bradford Start Bid £95,000 Start Bid £89,995 Sold £126,500 Sold £120,000 2 Bedrooms, Detached Bungalow 3 Bedrooms, Terraced House 26 VIEWINGS 44 VIEWINGS 11 Pelham Road, Bradford 1 Granny Place, Churwell Start Bid £54,950 Start Bid £45,000 Sold £81,500 Sold £67,000 3 Bedrooms, Terraced House 2 Bedrooms, Semi Detached House 42 VIEWINGS SOLD £16.5K OVER STARTING BID 20 Northcote Road, Bradford 11 Fagley Place, Bradford Start Bid £54,950 Start Bid £30,000 Sold £74,000 Sold £46,500 3 Bedrooms, Mid Terraced House 2 Bedrooms, Terraced House 2 3 01274 649 684 www.westyorkshirepropertyauction.co.uk VENUE AUCTION DAY PROCEDURE Before placing a bid we strongly advise that you provide a reservation fee or deposit. We will then carry out market research and due diligence on prepare the acknowledgement of reservation form The Cedar Court Hotel, Mayo Avenue any property you are interested in bidding on. for you to sign using the details provided. Exchange Rooley Lane, Bradford Make sure to review any legal documents we may will aim to take place within 28 days, under the BD5 8HW have for the subject property. We recommend that supervision of your solicitor upon receipt of Draft before bidding you visually inspect the property Contract. Please do not leave the auction room Tel: 01274 406 606 internally and are completely happy with what’s without paying your deposit or reservation fee and Visit: www.cedarcourthotels.co.uk/cedar-court/ on offer. signing the relevant paperwork. Registration at 6.30pm Registration Auction begins at 7.00pm You will require photographic I.D. and proof of If The Lot You Want Is Unsold address to obtain a bidding paddle to enable you to If a lot fails to reach its reserve in the room and you bid at a property auction. If you intend to bid please wish to buy it, ensure you register your highest bid remember to bring with you your debit/credit card with us before you leave the room. We will contact or bankers draft for your Reservation Fee and the the vendor and ask them for their instructions and required identification. Please also bring the contact contact you if we think that a sale after the auction details of the solicitor you intend to use. is negotiable. Alternatively, call us in the office after LOCATION the sale. Bidding For Your Lot The hotel has its own motorway, the M606, which brings guests right to our doorstep from J26 on the M62, When the auctioneer announces your lot he will also Bidding Prior to the Auction and it is less than 5 minutes from the centre of Bradford and 20 minutes from the centre of Leeds. bring to your attention any last minute items which Any bid or registration of interest must be presented you should be aware of. He will read the full address to the vendor in real time which may lead to a of the property, so please double check before property being sold prior to the auction event. Buyers bidding that this is the lot that you are interested in. are urged to register their interest early to avoid any The current lot number is usually displayed with a disappointment. If you require any assistance with photograph on screens at the front of the room. The finance or conveyancing then speak to a member of ATTEND FOR FREE auctioneer will invite bids at a particular level and the auction team who will be happy to provide quotes you can make this bid by raising your paddle, hand from our specialist panel. or catalogue. If you wish to make a bid other than the If you don’t want to register to bid, but are interested in the auction process or potentially selling auctioneer calls, please shout out your bid and the at auction, you can attend our events to see what it’s like. You can also ask our auction team any auctioneer may or may not accept it. The property questions you may have, for example: will be ‘knocked down’ to the highest bidder – but not until the auctioneer warns you by saying ‘going, Is my property suitable for auction? going, gone’. Never delay until the last second with Remember! If you’re not planning to attend Any type of property is suitable for sale by auction. Lots range from traditional residential properties from all your bid – you may lose it. Remember, there may be the auction, but would like to bid by proxy or price ranges, style and condition, new-build development, tenanted investments, developments sites and all 300+ people in the room and unless your bid is clear phone, you must fill and return the form in sectors of commercial property. Selling through auction is the preferred method of sale in the USA, Canada, the auctioneer may not see you. this catalogue or contact the team to and in mainland Europe. pre-register on: 01274 649 684 If you are interested in selling by auction and would like to speak to someone sooner, don’t On The Fall Of The Hammer [email protected] hesitate to contact our West Yorkshire Auction team on 01274 649 684. If you are the successful bidder, a member of the auction team will approach you and ask you to follow them to the sales room. You will be asked to 4 5 OUR METHODS OF AUCTION PROOF OF IDENTIFICATION Modern Method of Auction The Modern Method of Auction is different to All successful bidders must provide Proof of Identity traditional auction procedures in the UK, in that and Proof of Address in order for us to comply with it is conditional. This means that the sale is not money laundering regulations. Important notice! legally binding once a bid is accepted. When a bid You must supply at least one document from is accepted the buyer is allowed a 28 day period Original documents must be provided. each list below to proceed with the sale.* of reservation in which to achieve exchange of Photocopies are not accepted. contracts, at which point the sale becomes legally binding, (i.e. the buyer is bound to buy and the TRADITIONAL AUCTION vendor is bound to sell). The 28 day period starts from when the buyer’s solicitor is in receipt of draft contracts. A further 28 day period is authorised to achieve completion of contracts, and at this point MODERN AUCTION Proof of Identity Tick List Proof of Address Tick List legal transfer of title takes place and keys and monies change hands. Current Signed Passport Current full UK Driving Licence** (Provisional licenses not accepted). Traditional Method of Auction Current Full UK/EU Photo Card Driving Licence** This is an Unconditional Auction where on A utility bill issued in the last three months (Not a mobile phone bill) acceptance of an offer or on the fall of the Current full UK Driving Licence** (old style)** hammer the buyer will pay up to a 10% deposit and (Provisional licenses not accepted). Local Authority tax bill (Current year) exchange of contracts is immediate. Both parties Resident permit issued by the Home Office are then legally bound to buy and sell. Traditional to EU Nationals. Bank / Building Society / Credit Union Auctions are mainly used by the investment market statement containing current address. for properties that attract significant interest from Inland Revenue Tax Notification. Most recent original mortgage statement professional investors. The residential sector can from a UK lender. find it harder to buy through a traditional auction because there is a limited amount of time to put finance in place, meaning many purchases through a traditional auction are cash based. The Verdict DEPOSITS / RESERVATION FEES Whilst the Traditional Auction is useful for disposing of investment stock to the investment market quickly and efficiently, the residential market requires more Deposits and /or fees will be accepted by one of than this. The Modern Method offers the ability to the following methods: maximise the level of interest from a broad range of buyers, in turn creating the best sales price in the Banker’s Draft, Debit / Credit Cards current market but still benefiting from the security of NO CASH OR CHEQUES WILL BE ACCEPTED a non refundable reservation fee or deposit and a fixed date to move and sell. *We reserve the right to conduct a soft imprint online identification search on any successful buyer. ***Current full UK/EU driving license cannot be used to prove both ID and address. This document can only identify ID or address. 6 7 LOOKING TO SELL? GLOSSARY OF COMMON AUCTION TERMS Addendum deposit is held as a reservation against the subject This is the document published on the day of the property. If the sale falls through due to auction containing all changes and additions to an act or action of the vendor, the deposit the details within the catalogue. It is important becomes repayable to the buyer in full.
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