1 Property Solvers, Auction Test Listing
This property is sold subject to payment of a non-refundable reservation fee of 2% + VAT of the purchase price at the fall of the virtual hammer (conclusion of the auction) – subject to a minimum of £2,000.00 + VAT.
There is also a processing fee of £125 + VAT, also due at the fall of the virtual hammer.
The reservation and processing fees must be paid by the buyer to secure the sale within 2 hours following the conclusion of the auction. This must be paid by cleared funds to Property Solvers Limited who will issue an acknowledgement of reservation and purchase agreement in the 28 day period following the auction or the date of acceptance of the offer.
The non-refundable reservation fee is an additional sum owed on the purchase price which should be taken into account when bidding.
This property is being sold under Property Solvers' Unconditional Auction terms. Once the virtual hammer falls, the buyer has effectively exchanged contracts and will need to pay a minimum deposit of 10% into the conveyancer's client account (unless otherwise agreed). The buyer is obliged to complete on the sale within 28 days. Failing to do so means that the buyer will lose the deposit paid to Property Solvers and, potentially, the 10% deposit paid into the conveyancer's client account in addition to abortive legal costs.
The buyer will not be charged any costs for the preparation of the legal pack.
There are no other fees or charges payable to Property Solvers. Please consider the following additional transaction-related costs:
Property Solvers Auctions are more than happy to answer any further queries you have regarding the above property or our online auction process in general. Please contact us via firstname.lastname@example.org or 020 8226 6901 (during office hours).