We are passionate about auctions and have been selling land and properties at public auctions since our company was established in 1871.
There are a number of benefits to buying or selling this way and with a little bit of prior research and preparation, auctions can be quick and cost effective for both parties.
Due to the changes made to the Money Laundering Regulations, we are now required by law to verify the identity and address of everyone who offers, bids or buys at our auction. An auction registration form can be found below.
To sell your property or land at auction, it will be valued by one of our experts and both an auction guide price and reserve price agreed upon. A small fee is charged to include your lot in the listings, (which is payable only when your property sells), and upon completion you will be charged a pre-agreed commission rate. We will coordinate contract packs and conditions of sale documents, in conjunction with your chosen solicitor, as these documents need to be available to interested parties prior to the auction.
From a buyer’s perspective, we also make the process as straight forward as possible. At the fall of the hammer, a member of our team will approach the successful bidder and immediately after the auction, and once proof of identification has been provided, the buyer will be expected to sign a legally binding Contract and pay a 10% deposit. A buyer's fee of £200 plus VAT (£240 inc. VAT) will be charged per auction lot. If one property is offered in more than one lot, the fee will be chargeable on all lots whether or not one purchaser buys all. Completion would normally then occur 28 days later unless specified otherwise. It’s as easy as that!
If you think your property might be suitable for auction or if you would like some free, confidential advice about the buying process, please contact a member of our team.
In order to bid at a property auction you must be pre-registeredDownload registration form