GUIDELINES FOR BUYING AT AN AUCTION

∙ Always view goods or property you are interested in before the auction.

∙ Check the conditions of sale.

∙ Enquire about outstanding rates and taxes levies etc.

∙ Make sure you have cash or a bank guaranteed cheque to cover the deposit and commission.

∙ Establish whether the sale is subject to vat or transfer duty - only one of these is payable.

∙ To prevent paying for additional transfers make sure you have decided before the auction in whose name the transfer should take place.

∙ When in doubt about something, contact the auctioneer or trustees/sellers for clarification.

∙ Make a note of the date for confirmation, if any. If unsure check with the auctioneer.

∙ Decide on your bidding figure.

∙ Remember with property to include relevant transfer costs and duties when calculating what its likely to cost you in the end.