Auctions and Tenders

Selling at auction can be the ideal way of ensuring that you gain the best possible price and of avoiding any last minute hitches, with property auctions becoming more and more popular, the increase in demand for auction properties can often lead to the price being driven up.

Auction Guidelines

Legal Documentation

All legal documents including all contents of the legal auction pack will be available for inspection prior to the auction. The legal pack can be downloaded at www.morganevans.com.

Legal documents are not available by post, however they can be inspected at the auctioneers office, or in the auction room prior to the sale.

A prospective purchaser should inspect the legal pack prior to the auction, or instruct a legal representative to inspect.

Measurements and Plans

All sizes and measurements are approximate and are not to scale. These plans are for identification purposes only.

Pre-Auction Offers

Pre-auction offers must be made in writing and will be under auction conditions with the purchaser paying a 10% deposit and administration fee.

Any pre-auction offers should be substantially above the guide price to be considered.

Proxy Bidding

Forms are available from the property office on 01248 723303.

On the Day

We advise that potential bidders arrive in plenty of time, to register to bid. The auctioneers will be in attendance 1 hour prior to the commencement of the auction.

Registration

All potential bidders must register their details before bidding. Required information includes:

  • Full names and address of buyers
  • Proof of identity
  • Proof of address

Auction Contracts

At the fall of the hammer, the highest bidder is legally bound to purchase. They must then proceed to sign the contract and pay a minimum of 10% deposit.

Administration chargeAn administration charge of £800.00+vat (£960.00) is payable at the same time as the contractual deposit of each lot purchased.

Contact our Llangefni Office to discuss your options further on 01248 723303.