Why Buy at Auction?

• The purchase is completed in a known timescale
• All bidders are on the same level playing field
• The knowledge that you have only paid a small amount more than the next highest bidder
• A missive is concluded on the fall of the hammer
• Bidding in conducted in a public Auction room. You can see who is bidding and how much
• High volumes of similar stock are offered at the same time, an attraction to investors
• If the reserve price is not achieved all is not lost.
  The vendor may be flexible on price after the Auction
  providing the sale proceeds on Auction terms
• Occasionally, properties are offered with very competitive guide prices to generate pre-Auction interest. Sometimes bargains are available
• For a useful guide to auction sales and procedures visit www.rics.org