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Lacking in transparency. Buyers Beware - often 10k or more in fees on top of hammer price!!!! Unlike many auction houses, Bond Wolfe Auctions not transparent and upfront with their fee structure. In various places within the documentation, are various fees for the buyer to pay. For example - buyer premium of 7,999, auction fees in a different document 1,440, solicitor fees of 600 or more, etc etc. AND - YOU WILL NEEED TO PAY STAMP DUTY ON ALL OF THE CONSIDERATION PAID TO THE SELLER - INCLUDING THESE FEES!! While it is true that the buyer must read all of the legal pack carefully and ensure they are aware of all fees applicable, Bond Wolfe could clearly state this fees/charges in their auction catalogue (like many respectable auction houses do). This would allow buyers to make an informed decision without the need for in-depth research of each property. There are lots of 5 star reviews here from very happy sellers - of course there would be...those people are basically getting their properties sold for free because all the costs are loaded onto the buyer. For auction properties, buyers should always be aware... but in the case of Bond Wolfe auctions you should be extremely cautions before placing a bid.
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Rip off fees, added at the last minute to the legal pack. Unethical unprofessional and will never buy from here. *Added after auctions reply to my review* Nothing malicious about this review. I spent over 3hours looking into a property and had to cancel my interest due to the rip off fees hidden in legal packs. I deal with almost every property auction team in the UK and have not seen this. If you are looking at the other reveiws, I suggest you focus on the genuine reviews with more than 1 review under their belt.
All lies, scams, extra fees, going over 200% of guide price while a rule of thumb is 10%, the auction only go up in 10,000 each time, only time they go up in 1000 is if no one is buying and they need to sell fast. I actually think they are legit and I have contacted my solicitor and he is gathering all the evidence, we will see you soon.
I read 4 legal packs (very glad I did before auction) I couldn't believe special conditions additional costs ....... buyers premium 7999.00 ( no invoice supplied) 1440 commission and solicitor fees .on top .... .10.000 plus before u start .bidding. They have your credit card details beawarw What a rip off Stay well clear
Excellent auction house. I have purchased and sold a number of properties through Bond Wolfe. For the last two sales, my main point of contact was James Rossiter, who provided excellent service and communication. A Pleasure to deal with.
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