Buying at Property Auction
Selecting the property
The catalogue of entries is released approx three weeks prior to auction date. You can view the catalogue of entries on our website once live. No properties are released live until after the initial catalogue deadline for sellers entering properties. For a list of Auction dates and catalogue deadlines please see our latest Auction calendar.
The viewing arrangements for each of the properties on offer are listed in this catalogue against each lot. If open viewing dates are set for the property then select a date/time which suits and register to attend online or by calling into our office. You should view the property as soon as possible to give yourself time to make all necessary arrangements and be sure that the property suits your needs.
The guide price should give you an indication of what a particular property may be expected to fetch, but this is simply the auctioneer’s estimated value.
Making an offer before or after the auction
You can submit an offer at anytime (Pre-Auction or Post-Auction) on any of our properties for the vendor to consider. If the vendor is willing to accept your offer and sell you the property now you will be required to make an immediate 10% deposit. (Min £3000) to secure the purchase and withdraw the property from being offered at the next auction.
To submit an offer, browse the property schedule on our website and click on “Submit an offer” link, complete the offer details and submit. We will then contact the vendor with your offer and confirm the result ASAP.
For every lot that appears in the auction catalogue, we ask the vendors’ solicitors to provide us with legal information.
This will generally include:
- Special Conditions of sale
- Title deeds, Office copy of entries
- Leases (if applicable)
- And any other pertinent information
You can request a legal pack prior to the auction. To order please phone or email or office.
At the auction
This catalogue provides details of where and when the auction is being held. You should arrive early at the auction and register to receive a bidding number. A photo ID will be required to obtain a bidders number. You should also check in the auction room prior to the auction commencing to see if any amendments have been issued by the auctioneers.
If you cannot make the Auction, that is not a problem. Please download, print and return the below document.
PROXY BIDDING FORM – PDF
If you are successful in purchasing a property at auction you will be required to pay a deposit on the date of auction, prior to leaving the auction room so you should organise this deposit in advance. The deposit is payable by cash or debit card. (Please note a Surcharge of 2.5% applies on all card transactions).
The standard deposit amount is 10% or a minimum of £3,000. A vendor may request a higher deposit so please check the special conditions to see if a higher deposit applies to your property. There is also a buyers administration fee of 1% Plus VAT (Minimum £1500 inc VAT) of the sale price.
The standard completion time is 28 days from the auction date. At this time you will be required to pay the balance of the auction amount through your solicitor. A vendor may request a quicker completion so please check the special conditions to see the completion time applies to your property.
If you have any further questions regarding the auction please contact one of our auction team on –
Telephone – 0141 310 3100
Email – firstname.lastname@example.org