A Trusted Property Auction House

A guide price is an estimated price provided for each property in an auction to indicate its likely selling range. It helps buyers understand the potential market value of a property before bidding begins. A guide price may be shown as a fixed amount or as a price range (for example, £100,000–£120,000). Guide prices can be reviewed and adjusted at any time before the auction takes place to reflect market interest and demand. However, the most up-to-date guide price is always displayed on the property's details page, ensuring buyers have access to accurate and transparent pricing information when making bidding decisions.

A legal pack is a set of documents prepared by the seller's solicitor that contains all the legal information about the property. It typically includes the title documents, searches, special conditions of sale, and other relevant paperwork. Buyers should review the legal pack carefully before bidding, as it forms part of the contract and may affect the property's value or your obligations as a purchaser.

The reserve is the minimum price at which the seller is willing to sell the property. It is confidential and not disclosed to bidders. If the highest bid meets or exceeds the reserve when the lot is declared sold, the property is sold. If the highest bid is below the reserve, the property may be withdrawn or the seller may choose to negotiate after the auction.

The reserve is the minimum price the seller is willing to accept. It is confidential. If the highest bid meets or exceeds the reserve, the property is sold. If not, the lot may be withdrawn or the seller may negotiate after the auction.

An addendum or amendment sheet is a document that updates or amends the legal pack or auction particulars after they were first published. It might include changes to the conditions of sale, new search results, or corrections. Bidders should always check for addendums before the auction, as they form part of the contract and can affect the terms of the sale.

An addendum updates the legal pack or auction particulars after publication. It may include changes to conditions, new searches, or corrections. Bidders should always check for addendums before bidding.