How It Works
Buyer's Guide - when using the Auction Service
Important Notes to Bidders
- Register an account with AuctionYourProperty.com. This will include sending a digital or hard copy of photographic ID and recent utility bill.
- Log on and search for properties that suit your needs.
- Using the contact details provided in the adverts, communicate with sellers directly.
- View your chosen properties.
- If you find an auction property that you are interested in bidding on, we advise that you order a set of legal papers (or the Home Information Pack, where applicable) either from AuctionYourProperty.com or from the vendor directly. Alternatively hard copies can be obtained directly from the seller's solicitors.
- Bidding on a property - Click here for an explanation
- If successful, the buyer will be notified by AuctionYourProperty.com via email immediately after the auction closes.
- Please note that as soon as the auction is over a legally binding agreement is formed between the winning bidder and the seller at the final bid price (as long as this price is equal to or above the reserve price) and the winning bidder's 10% deposit will be paid in. At this point, the exchange of contracts effectively takes place and the winning bidder will be liable to AuctionYourProperty Ltd for a £250 buyer’s fee.
- Standard completion is 20 working days (or such other period as clearly specified by the seller in the additional notes or special conditions of sale) commencing from the end of the auction.
- From the moment the auction ends, the seller is obliged under their legally binding agreement to sell the property to the winning bidder at the final bid price and to assist the buyer and make all reasonable efforts to facilitate the sale of the property. Should they fail to do so, they are in breach of the agreement.
We strongly advise all bidders to ensure that they have viewed and inspected any property before bidding on it.
We also strongly advise that bidders do all the necessary and appropriate due diligence required before bidding on any property. This includes checking that the seller is the rightful owner of the property and is legally allowed to sell the property.
We advise that bidders carefully read any additional notes that sellers have attached to the property details.
All bids are legally binding. If you are the winning bidder at the end of the auction, you will be bound by the terms of our user agreement and the Common Auction Conditions. You will put down a 10% deposit.
Please note that AuctionYourProperty.com reserves the right to remove any bids that we believe to be false and deliberately aimed at sabotaging any particular auction. Abuse of this website will be treated extremely seriously and any persons making false bids can expect to face prosecution.