Property auction
The short answer
Sell or buy at auction
- Price from
- £2,500.00
- Time on site
- Varies (viewings, auction day)
What you get
You get a streamlined process for buying or selling property, often resulting in a swift exchange and completion.
See your price and free times
Enter your postcode to see the cheapest price for Property auction near you and the next available times.
When do you need a Property auction?
Consider selling by auction if you need a quick, definite sale, or if your property is unique, unmortgageable, or requires renovation. Buyers attend auctions to find competitively priced properties or unique investment opportunities.
What happens on the day
As a seller, your property will be listed and bid on, with a solicitor present to exchange contracts immediately if successful. As a buyer, you'll need to register, bring your ID and payment for the deposit, and bid for your chosen property.
How to prepare
- Instruct a solicitor to prepare a legal pack (seller)
- Obtain an Energy Performance Certificate (EPC) (seller)
- Set a realistic reserve price with the auctioneer (seller)
- Arrange finance and conveyancing solicitor (buyer)
- Review the legal pack thoroughly before bidding (buyer)
How to improve your result
- For sellers, ensure your legal pack is complete and available well in advance.
- For buyers, thoroughly research the property and set a maximum bid limit.
- Consider attending a few auctions as an observer first to understand the process.
Why it is useful day to day
Buying or selling through auction can provide certainty and speed, reducing lengthy negotiation periods and potentially securing a good market price efficiently.
Why we ask these questions
We ask about the property type and condition to help auctioneers determine the best strategy and guide you on potential sale prices. Understanding your selling goals helps us connect you with the most suitable auction house.
Frequently asked questions
Often needed alongside
- Fixed price
Free market appraisal
Agent valuation for sale or let
Investment property sourcing
Deals for buy-to-let and HMO investors
Probate
Grant of probate and estate administration
Estate agent (high street)
Full-service sale
- Fixed price
Valuation
Market, probate or lending valuation
- Recurring
Unoccupied property insurance
Empty homes, probate and between-tenancy cover
Online & hybrid estate agent
Fixed-fee sale
Auction legal pack review
Pre-bid review of auction legal pack