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Real Estate Auction FAQ Guide

FAQ » Auction
Property is considered a secure long-term investment asset class with auctions fast becoming a preferred method for buying and selling property for many investors.
How do I register for the auction?
What documents will I need to submit to fulfill FICA compliance at registration phase?
How much do I need to pay for the registration deposit
Can I inspect the property before the auction?
How much is the Auctioneer's commission and who is liable to pay this?
Do all lots have a reserve price?
Does the Auctioneer disclose the reserve price?
What happens if the reserve price is not met at auction?
What amounts are due by me if I am the highest Bidder?
Can I nominate someone to bid on my behalf as a proxy?
Do I need to sign a mandate for Swindon Auctions to take my property to auction?
What is the associated marketing fee to place my property on auction?
What happens in the event "my" reserve price was not achieved at the auction?
What happens if the Buyer breaches the conditions of sale?
Can anyone sell their property on auction?
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