Find answers to your questions
Guide prices are not necessarily figures at which a property will sell. They are only intended to be an indication of the seller’s minimum expectation. They are subject to change throughout the marketing period. So please check the very latest price on our website under ‘guide prices’. If you register for our emails, you will automatically receive guide price updates.
The Reserve Price is the lowest sales figure the vendor is willing to accept for a property. Please note, the Reserve Price is likely to be undisclosed prior to an auction beginning.
If you would like to discuss the buying process with someone in the team, or if you would like to enquire about a property you have seen in our catalogue, we would be happy to help.
For full contact details visit our Contact us page
All due diligence should be done prior to offering. Legal documents are usually available on request and they will be emailed direct to you from a member of the team. Please see the relevant lot page for details. Please remember that you buy subject to all documentation and terms of the sale contract whether or not you have read them.
All lots (unless otherwise stated) are sold subject to the Online Auctioneer Terms, the RICS Common Auction Conditions of Sale (Part), Form of Purchase agreement and any Special Conditions of Sale or Articles of Roup (Scottish properties). We strongly advise prospective bidders to read all our TERMS AND CONDITIONS. Please note that some Special Conditions of Sale detail the seller’s extra costs payable in addition to the purchase price.
The Buyers Premium is a fee payable on top of the purchase price which is payable to the auctioneer along with the deposit. This is normally 2% subject to a minimum of £3,000.00 however please check with the auctioneer as this is subject to change depending on the property.
In short, yes you can. If you successfully bid for a property you will be required to provide a 10% deposit (subject to a minimum of £3,000) immediately following the sale. If you need to arrange a mortgage it is important that you speak to a member of the team prior to the auction date to ensure that timescales will be able to be met with your specific lender. Please ensure that this is done prior to the bidding process as all bids are final and should your offer be accepted, you will need to pay the deposit immediately. Most building societies and banks will wish to instruct a surveyor to prepare a valuation report before making a mortgage offer. You will usually need to complete your purchase 28 working days after the auction date. You should discuss this with your lender to make sure that this will not be a problem. Some completion periods are earlier than 20 working days. Please check the Special Conditions of Sale for confirmation.
It is a requirement to provide a home report for a residential property sales, however there are some exceptions, for example if a property is in a derelict condition or deemed uninhabitable or the lot is a portfolio sale.
Every Day is Auction Day at Prime Property Auctions. In some instances a seller may consider selling their property prior to advertised auction date If you have an offer outside of the auction date, it is classed as a closed auction and will still follow the usual auction terms and conditions.
It is worth registering your interest online so the Auction Team are aware of your interest. They will keep you up to date, wherever possible, of any possibility of the lot being sold prior to auction.
Whether you are buying or selling a property you will require to have a solicitor to complete the purchase. Should you not have a solicitor we can put you in contact with an expert who will be able to provide you with a quote for conveyancing.
At Prime Property Auctions we cover all over Scotland and Enlgland. We work with a variety of agents allow us to provide accurate valuations and find the right buyer for your property FAST for a great price!