- All bidding takes place online - simply click 'place bid'
- You will need to provide proof of identity in order to receive authorisation to bid
- When placing a bid, a hold will be placed on funds for a percentage of the deposit, typically £5,000
- The highest bidder, at or above the reserve price, at the time the auction ends is the buyer of the property
- Completion period is normally 20 business days
Traditional ballroom auctions
Property auctions are popular with sellers and buyers alike. They provide an effective route to market, with contracts exchanged on the fall of the hammer, followed by completion in 20 business days.
Why should you sell your property at our auctions?
- We hold regular commercial and residential property auctions thoughout the year, with clients including banks, LPA receivers, administrators, trusts, local authorities, executors and public and private property companies.
- Our team has over 85 years' auction experience, with a strong track record of repeat business from both public and private sector clients.
- We can call on 1,500 colleagues from around the UK for specialist sector or regional advice to make sure your property is seen by the right prospective buyers.
- We sell around 89% of all lots entered into each auction.
Selling property at our auctions – step by step
- Once we’ve received some basic property information, we’ll suggest a guide and a reserve price and give our opinion on whether this property is suitable for a ballroom or an online auction. Or, if we think your property isn’t suitable for auction, we’ll recommend other routes for sale.
- After our surveyors have inspected your property, we’ll send draft sales particulars to you and your solicitors for review
- We’ll recommend a guide price for your approval – a realistic guide price will generate competitive bidding and help you achieve the best price
- We’ll start marketing your property 3-4 weeks before a ballroom auction, or immediately it goes live in an online auction – through print and online catalogues, email alerts to private investors and advertising, as well as directly targeting interested parties.
If you would like further information, contact our team.
Buying property at our auctions – step by step
- Check the guide price for any properties in which you’re interested - these prices often change
- Contact us to view the property before the auction (at least 48 hours notice required)
- Register your interest with us – vendors may consider selling property before the auction
- Arrange finance in advance – if your bid is successful, you’ll need to provide a 10% deposit on the day
- You can bid by telephone or by proxy in writing – download the remote bidding registration form from the website
- On the day, bring a cheque book, at least two forms of ID and your solicitor’s details
- Make a bid by raising your hand or catalogue
- If you have any doubts, don’t bid - when the hammer falls, if you are the highest bidder you have bought the lot
- If the property you wish to buy does not sell, register your highest bid with us before you leave the auction room