In the days leading up to the auction, ensure that all interested parties have been shared with My Auction. You’ll have the opportunity to observe the bidding online from your office.
If the reserve price is met or exceeded, contracts will be exchanged immediately.
The buyer will submit a 10% non-refundable deposit, and the remaining balance will be settled upon completion which is typically 28 days later (this can be extended to suit the buyer or sellers timescales).
Additionally, the buyer will cover a buyer’s premium which is our fee and is typically 1.25%+VAT of the sale price with a minimum of £3,000+VAT