This property is sold unconditionally with the successful purchaser required to place a 10% (minimum £6,000.00) non refundable contract deposit and exchange immediately after the auction.
A buyers administration fee of 1.80% (to a mininum of £2,400.00) including VAT is also required under this method payable by the successful bidder in addition to their winning bid.
This property is being sold under the Traditional Method of Auction, which requires immediate exchange of contracts and allows a further 28 days for completion.
Where the auction is ran online, as part of the bidder registration process, a bidder security deposit of £6,000.00 is required to be pre-authorised from the Bidder's debit or credit card, through the payment facilities on the website when registering to bid.
A bidder also has the option of paying by Bank Transfer to iamsold's client account, or over the phone card payment. A bid registration will not be approved by iamsold until in receipt of the Bidder Security Deposit in cleared funds.
The pre-authorisation payment will only be captured from the successful bidder on acceptance of their bid.
Once a bid is accepted the Bidder Security Deposit will form part of the non-refundable payment contract deposit and administration fee.
Any balance of the Contract Deposit or administration fee, must be paid by the successful bidder to iamsold within 48 hours of acceptance of their bid.
The outstanding balance can be paid by same day Bank Transfer to iamsold's client account, or over the phone by debit or credit card.
All unsuccessful bidders will have their pre-authorisations released 7 days from the initial authorisation or card payment refunded within 5 working days of conclusion of the auction or from when iamsold is provided with the correct bank account details for the return payment.
Where the auction is ran online, all bidders are required to pay a non-refundable £50.00 (inclusive of VAT) registration fee, per property that they register to bid on.
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
For further information or to speak to one of our team, please call 028 9560 8380.
