Buyers Guide

Buying Property Through Auction Made Simple

A transparent, secure and efficient way to purchase residential, commercial and investment property with fixed timelines and committed transactions.

Buying property at auction can be a fast and effective way to secure a property, often at competitive prices. Our online auction platform provides a clear and structured process, giving you confidence at every stage.

Whether you are an investor, developer or first-time auction buyer, understanding the process is key to bidding successfully.

Step-by-Step Buying Process

Step 1 - Find a Property

Browse our current listings and identify properties that meet your criteria. We recommend researching the local area, market values and potential investment returns before proceeding.

Step 2 - Arrange a Viewing

Attend property viewings where possible to assess the condition, location and suitability of the property.

Step 3 - Review the Legal Pack

Each property includes a legal pack containing important documents such as title information, searches and special conditions of sale.

It is strongly recommended that you instruct a solicitor to review this pack before bidding.

Step 4 - Arrange Finance

Ensure you have your finances in place before bidding. This may include:

All funds must be available within the required timeframe after a successful bid.

Step 5 - Set Your Maximum Bid

Decide your maximum bid in advance, taking into account:

Step 6 - Register to Bid

You will need to register in advance of the auction. This includes providing:

Step 7 - Place Your Bid

Participate in the live online auction and place bids up to your pre-determined limit.

Step 8 - If You Are Successful

If your bid is successful:

Key Buyer Information

Deposits

A deposit is typically 10% of the purchase price and is payable immediately on the day of the auction via bank transfer or card.

Auction Types

Traditional Auctions: Exchange happens immediately, with completion usually within 28 days.

Modern Method of Auction: Provides a longer completion timeframe, depending on the terms.

Surveys

Although not mandatory, it is advisable to arrange a survey to assess the property's condition before bidding.

Unsold Properties

If a property does not meet its reserve price, there may be an opportunity to negotiate directly with the seller after the auction.

Why Buy at Auction

Transparent Process

All bids are visible, creating a fair and open environment.

Fixed Timelines

Clear completion dates provide certainty and allow you to plan ahead.

Access to Opportunities

Auctions offer a wide range of investment, development and residential properties, including those not typically available through traditional channels.

Committed Transactions

Once the auction ends, the sale is legally binding, reducing delays and uncertainty.