Buy Let
 
 
 
 
 
Tate Partnership granted Network Auction License

TATE PARTNERSHIP ESTATE AGENTS IN CHISWICK AWARDED AUCTION LICENCE AND JOINS NATIONAL PROPERTY AUCTION NETWORK TO OFFER A ‘FAST & CERTAIN’ SALE

 

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PRS now accounts for over 15% of housing in England (ARLA)

The buy-to-let concept has now become a key component in the growth of the UK's Private Rented Sector (PRS).

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Full Management Service
SELLING: Sale by auction offers speed, simplicity and certainty. Prospective buyers bid openly against each other and a binding contract is made on the fall of the gavel.

Suitable properties for inclusion in our auctions should be received ideally a minimum of 5 weeks before the sale day. Although special arrangements may be made in certain circumstances to include late lots.

When you contact our auction team to discuss your requirements, we will explain the auction process and costs involved, help you set the guide and reserve prices. You will receive a written contract setting out the terms and conditions of business. Once signed we will contact your solicitor regarding a legal pack. Please make sure you discuss with them any costs involved.

A catalogue of all the lots will be produced and will be available both online and in hard copy. Any offers received prior to auction will be forwarded to you and any adjustments to guide or reserve prices will be discussed. You are free to attend the auction if you wish. This is only a brief guide so if you have further questions do not hesitate to call Chris Ring 020 8996 0000 email chris@tatepartnership.co.uk

Buying: If you are successful in buying at auction when the hammer goes down you have exchanged contracts, so it is important to make sure you have everything in place to be able to complete the sale.

View the lots online or obtain a copy of the catalogue, which is available 2/3 weeks before the auction. Visit the properties you are interested in. Obtain advice on the condition of the property. Enquire about any planning or building regulations required. Ask your solicitor about any legal matters and ask them to view the legal pack online. Make sure you have the required finances in place, guide prices are a general indication as to the sellers reserve price. To buy at auction you must register first, either telephone our auction department on 020 8996 0000, alternatively arrive early on the day to complete your registration and obtain your number. Proxy or telephone bidders must complete the registrant process in advance.

On the day;

Arrive early and register or obtain your number if you have pre registered. Obtain an addendum sheet and check to see if there are any last minute alterations to guide/reserve prices or the legal packs. Lots are announced by number and address the auctioneer will suggest the start price and regulate the bidding. If you wish to bid make sure the auctioneer can clearly see you and if you are successful hold up your number paddle so the auctioneer can record it. Once the gavel has been struck you will have bought the lot under a legal and binding contract. Go to the contract desk and complete a purchase slip and the legal documents. You will need to pay the required deposit and the purchasers administration fee. You are responsible for the property from the date of exchange, so you must insure it immediately. After the auction the written contract will need to be taken to your solicitor, he will advise you when he will require the balance of the money. If the lot you are interested in is unsold you should talk to the auctioneer and register your interest at the enquiry desk. The auction results are available the following day. This is only a brief guide so if you have further questions do not hesitate to call Chris Ring 020 8996 0000 email chris@tatepartnership.co.uk

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