Our online auction offers an opportunity for everyone to bid on lots of exciting properties from the comfort of their own home. Whether you are looking specifically to secure a residential property, or your next commercial opportunity, our online property auctions offer a wide variety of options for numerous different needs and budgets.
Our online auction offers an opportunity for everyone to bid on lots of exciting properties from the comfort of their own home. Whether you are looking specifically to secure a residential property, or your next commercial opportunity, our online property auctions offer a wide variety of options for numerous different needs and budgets.
Taking part in property auctions online
Our online auction properties allow you to browse all our properties. Simply click on the property you are interested in to find out more information. If you would like to view the property, simply give us a call and we will arrange this for you. We will also register you for the auction and talk you through the process.
While slightly different from a traditional auction, our online property auctions offer a swift and convenient way of buying and selling property – without missing out on any of the excitement. We understand that people may not have experienced this way of purchasing a property before, which is why we can arrange a pre-viewing call from our auction specialist who is always on hand to help with any questions, and to offer advice.
Getting ready to bid
If you plan to bid, ensure you are registered and that you have carried out your due diligence before proceeding. Each property has a Buyer Information pack, which we recommend is viewed carefully before bidding. If you are considering purchasing more than one auction property, you will need to ensure you are registered and approved for each property.
Make sure you meet the requirements of the sale, the details of which are in the specific property terms and conditions, as the terms and fees and specific conditions may vary from property to property.
The bidding process
Once the auction is live, you’ll be able to place your bids on the property. The auction timer varies but it will end when the timer runs out. The sale will be agreed if a bid is received on or above the seller’s undisclosed reserve price. If a bid is placed within the last two minutes of the auction, the timer will reset to two minutes to ensure everyone has a change to place their bid.
If you are the winning bid you will need to pay the non-refundable Reservation Fee and sign the Reservation Agreement. You will then have 56 days from receipt of a draft contact to complete the process.
The Completions Team will help and guide you through the process to completion of the sale.
