SarahBell

Modern Auction Method

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http://www.rightmove.co.uk/property-for-sale/property-23864644.html

*FOR SALE BY THE MODERN AUCTION METHOD OF SALE - ALSO KNOWN AS A CONDITIONAL AUCTION*

Auctioneers Comments

This property is for sale by the modern auction method of sale also known as an conditional auction. This process is similar to a normal property purchase but on acceptance of an offer the purchaser will pay a non refundable reservation fee to secure the property. The buyer then has 28 days to exchange contracts and a further 28 days to complete the purchase. Terms and conditions apply to the modern auction method of sale, which is operated by Alan Kirkham Property Auctions.

24 May 2011

Brief Description changed: *FOR SALE BY THE MODERN AUCTION METHOD OF SALE - ALSO KNOWN AS A CONDITIONAL AUCTION* This is an opportunity to purchase an extended 3 bedroomed semi detached Freehold property which stands in the corner of a very substantial plot, amounting to close to a quarter of an acre, in a private position at the end of Oriel Close currently laid out as a substantial garden with ornamental ... positio...

Price changed: Offers in Region of £186,950 £155,000

18 March 2011

Price changed: POA Offers in Region of £186,950

11 March 2011

Brief Description changed: This is a rare and unusual an opportunity to purchase an extended 3 bedroomed semi detached Freehold property which stands in the corner of a very substantial plot, amounting to close to a quarter of an acre, in a private position at the end of Oriel Close currently laid out as a substantial garden with ornamental ...

Price changed: Offers in Region of £210,000 POA

06 November 2009

Initial entry found.

Another local EA now has an auction section!

Edited by SarahBell

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Mrs Bear   

http://www.rightmove.co.uk/property-for-sale/property-23864644.html

*FOR SALE BY THE MODERN AUCTION METHOD OF SALE - ALSO KNOWN AS A CONDITIONAL AUCTION*

Auctioneers Comments

This property is for sale by the modern auction method of sale also known as an conditional auction. This process is similar to a normal property purchase but on acceptance of an offer the purchaser will pay a non refundable reservation fee to secure the property. The buyer then has 28 days to exchange contracts and a further 28 days to complete the purchase. Terms and conditions apply to the modern auction method of sale, which is operated by Alan Kirkham Property Auctions.

24 May 2011

Brief Description changed: *FOR SALE BY THE MODERN AUCTION METHOD OF SALE - ALSO KNOWN AS A CONDITIONAL AUCTION* This is an opportunity to purchase an extended 3 bedroomed semi detached Freehold property which stands in the corner of a very substantial plot, amounting to close to a quarter of an acre, in a private position at the end of Oriel Close currently laid out as a substantial garden with ornamental ... positio...

Price changed: Offers in Region of £186,950 £155,000

18 March 2011

Price changed: POA Offers in Region of £186,950

11 March 2011

Brief Description changed: This is a rare and unusual an opportunity to purchase an extended 3 bedroomed semi detached Freehold property which stands in the corner of a very substantial plot, amounting to close to a quarter of an acre, in a private position at the end of Oriel Close currently laid out as a substantial garden with ornamental ...

Price changed: Offers in Region of £210,000 POA

06 November 2009

Initial entry found.

Another local EA now has an auction section!

So what %age of sold price is the 'non-refundable reservation fee'?

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tim123   

So what %age of sold price is the 'non-refundable reservation fee'?

The method of sale was on HUTH last week.

The reservation fee was 3K and the house is auctioned without a legal pack

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