Main & Main Publication (1)

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Main & Main Auctioneer s -
Propert y Sales by Auction
Until recently, selling property by auction was considered
only to be viable if the vendor had a unique property. This
impression has changed over recent years with many more
houses being sold by auction.
The majority of Vendors have found the end result very
rewarding. Main & Main have been selling property by
auction for over twenty five years. Many clients have reaped
the reward not just by selling quickly without fuss, but in
many cases achieving higher prices than expected.
Selling at Auction
If you are interested in selling your property through Main
& Main you need to contact our auction centre on 0161 437
5337. They will take some information and arrange for one
of their valuers to visit your property and offer a free presale
appraisal. At this point you will be advised on the suitability
of your property for inclusion in the Main & Main sale. You
will be told about all the cost involved i.e. entrance fees,
commissions payable etc.
You will be advised of the likely sale price that can be
achieved, but the reserve price will not be set until nearer
the sale date giving you time to assess the interest that has
been shown in your property.
Main & Main will keep you informed of the progress and the
amount of interest and offers made presale. With our help
you will be able to set a realistic reserve price.
Buying at Auction
Buying a property through an auction is no more difficult
than by private treaty. In most cases it can be much simpler
as long as you follow the guidelines.
(1) Ensure that you have adequate finance in place so that
you can bid for the property that you wish to purchase.
(2) Have a survey undertaken to ensure the property holds
no surprises. The surveyor will be able to advise you
on repairs and maintenance that might be needed.
Most lenders will want a survey prior to making a firm
mortgage offer.
(3) Have your Solicitor check the contract documentation
before the sale.
(4) If you are successful in purchasing at the auction you will
be required to sign a legal contract and pay a deposit of
10% of the purchase price (or a minimum of £1000.00).
(Cash will not be acceptable for payment of deposit).
Completion dates may vary in some cases dependant
on the contract conditions. Completion is usually twenty
eight days after the auction.
(5) You will be required to provide proof of identification.
(6) You will be required to pay a Buyers Premium, please see
website for current prevailing
rate.
(7) Properties to be auctioned are usually available for
viewings at set times per week for three or four weeks
prior to the sale.
(8) Always set yourself a limit.
Vendors selling property through Main and Main have found
that selling by auction has been quick and hassle free,
demonstrating that there is now a successful alternative to
the traditional method of selling.
Main & Main Auction Centre
198 Finney Lane, Heald Green
Tel: 0161 437 5337,
Email: