Bowen Son and Watson have been selling properties by auction for five generations. Using this experience, coupled with the latest technological and marketing advances, has enabled us to establish the region's most successful quarterly collective property auction. In certain circumstances, a collective auction may not be the preferred option. In such cases we are able to arrange individual sales to suit the client’s requirements.
Auction Information for Sellers
Our quarterly collective auctions are held at the Lion Quays Hotel, Oswestry. Its central location aims to attract buyers nationally whilst also being convenient for local buyers who are sometimes overlooked by the national auction houses.
Our marketing campaign is intense and focuses on the period prior to the auction to maximise interest. Local office coverage and regional newspaper advertising is coupled with national exposure via our online Auction catalogue, Rightmove, and our database of auction buyers.
On the day, our experienced auctioneers will guide sellers through the process. At the fall of the hammer contracts are exchanged and buyers are therefore required to sign the contract and pay their deposit. Sellers have the security of a done deal and the knowledge that the best price has been achieved.
*Bowen Son and Watson offers the opportunity to sellers to pay 0% sales commission by charging the purchaser a Buyer’s Premium at 2% plus VAT of the purchase price subject to a minimum fee of £2000 plus VAT. The seller just pays a marketing auction entry fee of £495 plus VAT.
To arrange a free market appraisal of your property please contact any of our offices. Alternatively you can submit your details online and we will happily call you.
Auction Information for Buyers
Please view our Buyers Guide below for helpful and independent advice on buying at auction:
Legal packs for the properties will be available for inspection at least 14 days prior to the auction at the office from which the viewings are conducted and on the day of the auction (from 12 noon at Lion Quays). It is important you read these and the final addendum/alteration list, which will also be available as any purchase will be subject to these.
Offers made on Auction properties may be accepted by the Vendor prior to the auction. If you are intending to bid at the auction for a specific lot, we recommend that you keep in contact with the Auctioneer’s office. The Auctioneer can not be held responsible for the costs incurred in respect of any lot that is withdrawn or sold prior to auction.
The successful bidder will be asked to pay a deposit of 10% of the purchase price subject to a minimum deposit of £5000. Deposits can only be paid by Bankers draft, building society cheque or personal cheque. Please note, should the cheque have to be re-presented, an administration charge of £50 + VAT will be charged by deduction from the deposit. Successful bidders will also be required to provide identification for Money Laundering Regulations.
The name, address and telephone number of the Solicitor who will be acting for you in any purchase will be required before you leave the auction room.
There will be some lots which are subject to a Buyer’s Premium which charges the purchaser a fee at 2% plus VAT of the purchase price subject to a minimum fee of £2000 plus VAT.
In addition to the deposit, Purchasers will be required to pay an administration charge of £250 + VAT by cheque, made payable to Bowen Son and Watson, a VAT receipt will be issued after the auction.
At the fall of the hammer the property becomes the purchasers insurable risk. Insurance will need to be arranged immediately after the auction.
Post Auction Sales
If a property you are interested in is not sold at the auction please speak to the auctioneer and make an offer. Your offer will be put forward to the Vendor and if accepted, you will be able to proceed with the purchase under auction rules.