Entering Your Property To Auction
To enter a property into our auction customers will be asked to complete a sellers entry form. This form will collect the basic details for your property including your contact details & your solicitors details.

Once we have received the entry form one of our staff will contact you and arrange an on-site free appraisal & valuation of your property.

If you have already had your property for sale with another agent then you may have a property schedule available. It would be useful to send this to the auctioneer also. At this stage there is no obligation to enter your property into an auction. We will offer you our thoughts on the suitability to auction & expected selling price then you can decide whether to use our services.

Download Now: Sellers Property Auction Entry Form >>

Post to: Wilsons Auctions, 6 Kilwinning Rd, Dalry, KA24 4LG
Fax to: 01294-833666
Email to: scotland@wilsonsauctions.com

Selling Terms & Commission
At the time of your on-site appraisal our staff member will discuss selling terms & commission rates for selling your property. Alternatively you can call our office on 01294833444 & we can discuss this over the phone.

What if Your Property Already On The Market
If your property is already on the market with another sales agent then it would be better for you to give them the required notice of withdrawl. If you are unable to do this then we may still be able to sell your property at auction. A joint commission structure may be put in place to enable this. Please speak to one of our property department regarding this.

Property Details & Photos
At the time of the appraisal if you would like to confirm your property to auction then we will take all necessary details & photos in order to produce an auction schedule for your property.

Benefits of Selling at Auction...

• Immediate exchange of contacts. All contracts are prepared prior to the auction date & a 10% deposit is place by the successful bidder at the time of the auction. With a sale by open market there is no guarantee that the sale will complete.

• Best price – Selling at auction assures that a property will be sold at true market value which is achieved through competitive bidding. In some cases an auction price can exceed the price of a negotiated sale.

• Fixed completion date – Quick disposal reduces long-term carrying costs, including taxes & maintenance. Completion of the sale is within 28 days of the auction day.

• Focused Marketing - Auctioneers spend heavily on traditional & on-line marketing. This ensures an aggressive marketing program that increases interest and visibility.

Legal Packs
For every lot that appears in our auction catalogues, we ask the vendors' solicitors to provide us with legal information. This will generally include:

• Special Conditions of Sale,
• Title Deeds, Office Copy Entries,
• Searches (if applied for),
• Leases (if applicable),
• and any other pertinent information.

After you have confirmed your entry to auction you will need to contact your solicitor & authorise them to produce a legal pack for the auctioneer. We will then contact your solicitor & provide them with templates for the auction contracts & a list of what is required.

Purchasers can request a legal pack. Legal packs are always available for inspection on the day of the auction in the auction hall from approx. 6pm onwards & must be received by Wilsons Auctions prior to this time.

At the Auction
Sellers don't necessarily have to attend the auction. We can inform you as to the result over the telephone. All sellers are invited to attend the auction in person. If any provisional bids are made then we can contact the seller for an answer.

Insurance of the Property
If your property is sold at auction then the risk of damage or destruction to the property immediately passes to the purchaser on the date of the auction even though legal completion date may be some time later.

Deposit
Successful bidders will be required to pay a deposit on the date of the auction, prior to leaving the auction room. The deposit is payable by cash, bankers draft, debit or credit card. The standard deposit is 10% or minimum of £2000. A vendor may request a higher deposit so please check the special conditions to see if a higher deposit applies to your property. The auctioneers commission is taken from this deposit & the balance is sent by cheque to the sellers solicitor prior to the completion date.

Completion Date
The standard completion time is 28 days from the auction date. At this time the purchaser is required to pay the balance of the auction amount through their solicitor. A vendor may request a quicker completion which is noted in the special conditions of sale provided by their solicitor prior to the auction.

Auction Contracts
Successful bidders will be required to sign the legal paperwork for the purchase of the property. A copy of all paperwork will be sent on to sellers & buyers solicitor the next day. Please contact your solicitor to ensure they have received this paperwork & have everything in hand.

If you are unclear regarding any of the points above please contact our office & speak to one of our staff. Tel. 01294 833444

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