Auctions of all types of Property, Antiques, Household Clearances and Dispersal Sales
A & S Auctions is a local partnership between Athertons Chartered Surveyors and Silverwoods Auctioneers of Clitheroe. We bring together professional experience and local knowledge to ensure you get the best price for property through regular auctions at Clitheroe’s Ribblesdale Centre.
Athertons Chartered Surveyors have over 21 years of local experience, selling and managing all types of property throughout the East Lancashire area. Silverwoods is a division of Clitheroe Auction Mart which has been established as a major auction house for over 100 years.
A & S Auctions offer a full auction service for clients to sell residential, agricultural and commercial property; together with antiques, household contents, farm and business equipment, fixtures and fittings.
A Choice of Auctions
- The Modern Public Auction – a more flexible method of purchase whereby only a small reservation fee is payable by the purchaser on the fall of the hammer, but will not be required to exchange contracts immediately.It allows up to 28 days to exchange contracts and a further 28 days thereafter to complete. This allows time to secure a mortgage, or make other financial arrangements.We believe this modern way of selling property at auction is an ideal process for residential and commercial property giving momentum to achieve a sale, but allowing flexibility and time to complete the legal transaction and arrange finances.
- The Traditional Public Auction – whereby the successful purchaser is required to exchange contacts immediately after the auction with a deposit of 10% payable on the day and a 28 day guaranteed completion thereafter.
For farm land or property with a value less than £50k or where a quick sale is paramount we believe that the traditional method of auction is the best way to proceed.
Either way – A & S will make sure you get the best price for your property with a simple, transparent, speedy and effective auction process giving certainty to sellers and buyers alike.
So how does the auction process work?
A & S will value your property, discuss the auction process with the client, agree a guide price, draw up sales particulars, agree an advertising budget and arrange viewings.
Our own legal representatives or your solicitor will prepare a pack of legal documentation, containing Land Registry documents, the EPC Survey and contracts of sale etc.
A & S will undertake extensive marketing- both locally and nationally and arrange viewings, discuss the property with potential purchasers and encourage interest and offers prior to the auction.
A few days before the auction A & S will discuss a reserve price for the auction with the client, based upon interest shown in the property by prospective purchasers.
At the auction, A & S will seek to achieve the highest price above the reserve and on the fall of the ‘hammer’ the property will be sold to the highest bidder who will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed
If the reserve price is not met the lot will be withdrawn and after discussion with the client will either be entered in the next auction, or offered for sale by private treaty through Athertons Chartered Surveyors offices in Whalley.
Fees & Costs
Auctions are a dynamic method of selling property.
We will discuss marketing options and there is an upfront payment of £75 for the Energy Performance Certificate, but sales fees are not payable until after a successful auction has been completed.
The vendor will be charged 1.5% of the sale price on completion, and the purchaser will be asked to pay a 2% non-refundable reservation fee on the fall of the hammer, which secures the transaction and takes the property off the market.
This reservation fee paid by the purchaser to the Auctioneer, is considered to be part of the chargeable consideration for the property and will be added to the calculation for stamp duty liability.
A & S Auctions can be instructed to prepare the legal pack that purchasers will need to see prior to auction – fee negotiable.
Any other legal fees necessary to exchange contracts are not included and the responsibility of the vendor and/or purchaser.
Antiques, Clearance and Dispersal Auctions
Inevitably the sale of property may result in the need to disperse contents of residential property or business assets from agricultural and commercial property.
A & S Auctions can arrange this for clients through Silverwoods regular sales at the Ribblesdale Centre, or actually on site for dispersal sales of agricultural or commercial goods.
Contact us for a free Appraisal of your property – Call 01254 828810