Property auctions suit a wide range of buyers, from investors and developers to owner-occupiers. Auctions offer speed, transparency, and certainty, but they also require commitment and preparation. Before bidding, it’s important to be comfortable with fixed timescales, legally binding bids, and arranging finance in advance if required. If you value clarity and are ready to act decisively, buying at auction could be the right option for you.
Before bidding, make sure your finances are in place. Successful bidders are required to pay a deposit and buyers fee immediately, so funds must be readily available. If you are using finance, ensure it is agreed in principle before the auction. It’s also important to budget for additional costs such as buyer fees, stamp duty, legal fees, surveys, and any renovation work. Being financially prepared reduces risk and ensures a smooth transaction.
Whenever possible, view the property before bidding to assess its condition and surroundings. Some auction properties may require refurbishment or repairs, and a professional survey may help identify potential issues and costs. Taking the time to view and survey a property allows you to bid with confidence and avoid unexpected expenses after purchase.
Every auction property comes with a legal pack, which contains essential information about the property, including title documents, searches, and special conditions of sale. Buyers are strongly advised to have the legal pack reviewed by a solicitor before bidding. Once you win a bid, you are legally committed to the purchase, so understanding the legal details in advance is crucial.
Before auction day, decide on your maximum bid and stick to it. Auctions can move quickly, and it’s easy to be influenced by the pace of bidding. A clear strategy, based on research and realistic budgeting, helps you stay focused and make confident decisions without overcommitting.
You can register to bid in any of our auctions through our website. Simply complete the step‑by‑step registration form, where you’ll be asked to provide proof of identification and your debit card details. Please be aware that some lots require a pre‑authorised deposit. If a deposit is needed prior to the auction, this will be clearly stated on the sales particulars page for that specific lot.
Some buyers rush into bidding without fully reviewing the legal pack or understanding the costs involved. Others get carried away on auction day and exceed their budget. Failing to arrange finance in advance or skipping property viewings can also lead to difficulties later. Taking time to prepare and seek professional advice can help you avoid these common mistakes.
If you are the successful bidder, any pre-authorised bidding deposit will be retained towards the contractual deposit and buyer’s premium amounts. The deposit and buyer’s premium, or any shortfall due, is payable immediately and will automatically be processed against the debit card provided. We will then send the legal pack and contract for the lot to you and your solicitor. If a lot does not sell the reserve price will be disclosed and the lot will remain available and open to offers
Buying at Auction – Frequently Asked Questions
Yes. Property auctions are open to private buyers, investors, developers and businesses. You just need to register and be prepared to meet the Bidders terms.
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