How property auctions work
How does it work?
Property auctions are a quick, transparent way to buy and sell. Bidding is live-streamed, and on the fall of the hammer the sale is secured — with a clear, fixed route to completion.
Bidding
Online · phone · proxy
Sale secured
On the hammer
Buying at auction
- Find a lot Browse current and forthcoming lots and read each one’s details and figures.
- Read the legal pack Review title, searches and conditions; ask your solicitor if you’re unsure.
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Register to bid Set up your account and complete ID and funding checks in good time.
- Bid Online, by phone or by proxy, live during the auction.
- Secure the lot On a successful bid you pay the deposit and the sale is secured.
- Complete Finish within the stated timescale; have your funds in place beforehand.
Selling at auction
- Free appraisal We advise on suitability, guide and reserve.
- Prepare Figures verified and the legal pack assembled with your solicitor.
- Market Your lot promoted to active buyers ahead of the sale.
- Auction day Live-streamed bidding to a national audience.
- Completion Sale secured on the hammer, then progressed to completion.
Conditional vs unconditional
Unconditional
Contracts exchange on the fall of the hammer, the deposit is paid, and completion follows. Finance must be in place before you bid.
Conditional (“modern method”)
A reservation fee secures the lot with a longer window to exchange and complete. More accessible, usually more costly.
Talk to the auction team
Buying or selling, we’ll talk you through the process and the figures.
