![]() The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price. In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). The guide price for the Lot does not include the administration fee of £1,295 (inclusive of VAT) for all properties up to £49,999, and £2,000 (inclusive of VAT)for all properties £50,000 and above charged by BidX1. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences). Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.īoth the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted subject to contract. The buyer must decide how much they should bid for any Lot. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold at auction. ![]() Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property. Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. ![]()
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