1 bedroom Mid Terrace House for sale, Gornal Wood, West Midlands, DY3

Auctioneer Comments
This property is for sale by the Modern Method of Auction. Should you view, offer
or bid on the property, your information will be shared with the
Auctioneer, iamsold Limited
This method of auction requires both parties to complete the transaction within
56 days of the draft contract for sale being received by the buyers solicitor (for
standard Grade 1 properties). This additional time allows buyers to proceed with
mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a
non-refundable Reservation Fee. This being 4.2% of the purchase price including
VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is
paid in addition to purchase price and will be considered as part of the chargeable
consideration for the property in the calculation for stamp duty liability. Buyers will
be required to go through an identification verification process with iamsold and
provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents
may not tell you everything you need to know about the property, so you are required to complete your own due diligence
before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this
pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been
provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to
change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are
recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you
should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner
Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment
prior to any services being taken by you.