Buying at auction

Why do people buy through property auction?
Speed. Certainty. Value.

There is always a huge potential to add value to a property which has been purchased through an auction. 

Buying at auction is one of the fastest and most secure way of purchasing property or land. When the gavel falls, contracts are exchanged immediately with the completion set at a predetermined date. From this point on, the sale is legally binding and there is no fear of fall throughs or gazumping. 

How to buy at auction

Head over to our lots page to identify the lot(s) you are interested in. Note that some properties are offered with vacant possession, some are tenanted and some may be part-vacant.

Every property or land lot has a Guide price that is published in the auction catalogue. The guide price is an indication of what the seller expects to achieve and is therefore subject to change. 

The guide price is not the price at which the property will necessarily sell and it is not uncommon for properties to sell for a considerable amount above the guide price.

Call us to book in a viewing on 0800 448 0100 (Freephone). It maybe that we have one or two open days for the property in question.
Make sure you have a mortgage in principle, just as you would to buy through private treaty. This will give you an idea of your maximum budget. Explain to your lender that the property is being bought at auction. Visit Auction Finance for more details.
Bring anyone you may think you need with you and quiz us on any questions you may have. We are here to help.
We will email you the relevant legal pack for the property you have an interest in. The pack will include the local searches, title deeds and an information form on the list of fixtures and fittings. If you feel it’s necessary or you are unsure, you may instruct a solicitor to go over this. You can also request the legal packs for each property on the property page.
This is only necessary when you are applying for a mortgage and you are not a cash buyer.
You can make an offer (which should be in writing by email) for a property or land at any time prior to the auction. If your offer is accepted you must be in a position to exchange contracts and pay your deposit immediately.
You have 3 bidding options when you register to bid: To bid online via Connect Realtime®, by Proxy or by Telephone.