Property Auction Houses

Property auctions have been popular for some time, with buyers able to pick up some good deals in tricky property markets especially in more desirable areas of the country. With the rise of the online world and recent global events, we are seeing more and more properties available via online auction methods including via the modern method of auction. Whilst the majority of people expect properties requiring a lot of work being available at auction, in some cases you can pick up a house requiring very little redevelopment in a desirable area.

If you have seen a particular property in your local area then it is simple enough to enquire about the property the same way as you would a house being sold via your local estate agent. However, it can be tricky to know where to begin from the comfort of your own home.

Buying and selling at auction have some big benefits, not least in the timeframes although they can also be complex as you do not have the luxury of withdrawing later without risking loosing a substantial amount of money.

In this article, we have listed some of the main property auction houses that we come across to give you a starting point.

If considering buying at auction, it is important to employ the services of an experienced team of conveyancing solicitors to complete the legalities. At Express Conveyancing, we are here to make the process as smooth as possible for you. Contact our team or visit our auction pages for more information.

Popular Property Auction Houses

1. Allsops
2. Auction House
3. Barnard Marcus
4. Clive Emson
5. Countrywide
6. Hunters
7. I am Sold
8. Landwood
9. Leaders
10. McHugh and Co
11. Michael Poole
12. Pattinsons
13. Pugh
14. Savills
15. SDL Auctions
16. Town and Country

Top tips for buying a house at auction

1. Obtain the auction catalogue and legal pack as early before the auction as you can to give you enough time to do your research.
2. Do your research. Ensure you read the legal pack and consider having a pre-auction title check carried out by an experienced conveyancer.
3. Consider watching a few different auctions first before bidding to see how they operate
4. Visit the property or properties that you are interested in. Viewings are likely to be held in blocks of viewings or on set open days, so it is important to also drive to the area at different times of the day to observe traffic, noise, car parking situations.
5. If you plan to buy an investment property, speak to local agents about the rental market in the area
6. Get an independent survey done, even if one is included in the seller’s ‘legal pack’
7. If you plan to use mortgage or bridging finance, speak to a mortgage broker or financial advisor and arrange your finances. It is also important you arrange your finances in preparation for the auction day itself as you will need funds readily available to pay the costs, reservation fee and deposit etc
8. Instruct an experienced conveyancing solicitor familiar with auction purchases such as through www.express-conveyancing.co.uk
9. Arrange all legal, mortgage and ID paperwork in time for the auction