The room gets loud and the price climbs. Set your resale value, your works and the profit you need, and this gives you the highest bid that still makes money, after stamp duty, buyer's fees, finance and selling costs. No sign-up.
PropertyPredator checks the resale value against real sold prices on the street, and on Hunter, Auction Catalogue Mode reads every lot in a catalogue, ranks the deals and gives you the most you should bid on each one, with buyer's premium and stamp duty solved in. For postcodes in England, Wales and Scotland.
Because every cost comes out of the same pot: stamp duty, buyer's fees, legals, works, finance, holding and selling, and then your profit. The calculator finds the bid where what's left over equals the profit you need.
At most traditional auctions you exchange contracts when the hammer falls and pay a deposit, usually 10%, plus the auctioneer's buyer's fee. The rest is due on completion, often 28 days later. Modern-method auctions work differently, with a reservation fee. Always read the conditions of sale.
Yes, and have a solicitor read it before you bid. Special conditions can add costs, such as the seller's search fees or arrears, that change your maximum bid.
No. It's a calculator using the figures you enter. Always do your own due diligence and take professional advice before bidding.