North West’s Largest Independent Estate Agent

Before the Auction

We would advise that all prospective purchasers find out as much information as possible before bidding on a property. It is best practice to carry out your due diligence prior to bidding.

All properties for auction will be advertised with a guide price, this is an indication of the price the vendor is expecting to achieve and not necessarily the figure at which a property will sell.

​Viewings

We would advise that all prospective purchasers arrange to view any lots they are interested in and viewings can be arranged by contacting the auction team via email or on 0151 236 6746. Please note we may have limited / no access to certain properties and viewings may be external only.

​Legal Packs

All properties will be sold subject to the RICS Common Auction Conditions and Special Conditions of Sale contained within the Legal Documentation. This is provided for each Lot to be sold at auction and this can be viewed online or at the auctioneer’s offices in the run up to the auction, subject to it being received from the Seller's solicitors. Please contact 0151 236 6746 for further information.

​Surveys

If you require a survey to be carried out on a lot, we would ask that you arrange for your surveyor to contact us direct to make arrangements for access. We are able to provide you with a quote for an independent survey, please speak to a member of the team for more details.

​Auction Finance

If you are arranging finance to purchase a property, we are able to introduce you to specialist advisers who can assist in all areas of auction finance. Once a property is purchased completion is usually within 28 days and you should discuss this with your lender to make sure it will not cause a problem.

AML Regulations

In line with Anti-Money Laundering Regulations, we are duty bound to carry out the following on everyone who offers, bids or buys at auction:
a) due diligence on all of our clients to confirm their identity. To do this we will require sight of documents that prove your name and address. These need to be the original documents or certified copies. This can be a valid Passport / Driving Licence and a proof of address document dated within the last 3 months ie valid Driving Licence (if not being used to evidence Proof of ID), utility bill ( not mobile phone) or a letter from the Tax Office of Bank. In the case of multiple ownership, all parties would need to provide the relevant documentation.
b) determine whether our clients, family members, or close known associates are Politically Exposed Persons (PEPs). In order to do this we require a PEP Declaration to be completed by all clients. Please see the PEP Declaration for full details.

If you intend to bid by Telephone / Proxy bid – we will require this information before the day of the auction. If we do not receive Certified ID and the completed PEP declaration, we will be unable to bid on your behalf at auction. If you are going to attend to bid in the auction room, please bring all items with you on the day, to show our team when you register. Please see the Money Laundering Notice and Registration form.If you are a successful bidder we carry out further checks on an electronic verification system. This system allows us to verify you from basic details using electronic data, however, it is not a credit check of any kind so will have no effect on you or your credit history. You understand that we will undertake a search with Experian for the purposes of verifying your identity. To do so Experian may check the details you supply against any particulars on any database (public or otherwise) to which they have access. They may also use your details in the future to assist other companies for verification purposes. A record of the search will be retained.

​Offers

Our Clients have agreed that only pre-Auction offers of a reasonable level in relation to the Guide Price figure will be submitted for their consideration. Offers must be in writing and will be considered under the assumption that the property has been viewed, the legal documentation inspected and any relevant searches or surveys have already been carried out.

Pre-Auction offers will be on the basis of an immediate exchange of Auction Contracts upon acceptance by the Seller with the Buyer providing the full 10% deposit and Administration Fee, and having the ability to complete within 28 days of exchange. We will only contact you prior to auction in the event that the owner has accepted your offer. Any offer will be assumed to be your best and final offer and we cannot guarantee that you will be invited to increase your bid in the event of an alternative satisfactory offer being received prior to exchange. Not all vendors will accept offers prior to auction, however in the event that a property does not sell on the day of the auction we will contact any party that has submitted a pre-auction offer, beginning with the highest received prior to auction. Again we will assume that any offer is your best and final offer.

Offers can be sent via email to [email protected] or by post to Venmore Auctions, Prospect House, Columbus Quay, Riverside Drive, Liverpool, L3 4DB.

We offer proxy and telephone bidding for bidders who are unable to attend the auction venue. The proxy and telephone bidding forms can be found on the website or in the auction catalogue.

On Auction Day

We advise that potential purchasers to check www.venmoreauctions.co.uk on the day of the auction to establish if the lot(s) they are interested are still available as properties can be sold or withdrawn right up until the start of the auction.

We strongly recommend that all potential purchasers check that they have read and understood all the legal documents and terms and conditions for each lot they are interested in.

Upon the fall of the gavel in the auction room a binding contract is made between the Seller and Buyer. The successful bidder will be approached by a member of staff to come to the desk to exchange contracts and pay the 10% deposit and non-refundable buyers fee of 1% + VAT (1.2% incl of VAT) subject to a minimum of £1,250 + VAT (£1,500 incl of VAT). Completion is usually 28 days thereafter unless varied in the special conditions.

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