• Register an account with AuctionYourProperty.com. This will include sending a scanned 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 either from AuctionYourProperty.com (this will cost £10 and will be sent via an email attachment). Alternatively hard copies can be obtained directly from the seller's solicitors. With a regular property auction, it is advised that any bidder should arrange for their lawyer to go through the legal papers fully and, if necessary, have a survey undertaken before bidding. However, with AuctionYourProperty.com's unique purchasing method, whereby the buyer does not formally exchange contracts immediately after the auction (as is the norm), the majority of this expensive work can be done after the auction, if desired, at a time when the purchaser is assured that they have already won the auction. Nonetheless, we do advise that bidders have had at least a basic read through of the legal documents done by their solicitor before bidding. This is to alert you to any glaring problems with the property so that not even your holding deposit is at risk.
• 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. Shortly afterwards, the buyer will receive a confirmation email from the seller directly. This email acts to confirm the legally binding agreement between the two parties.
• 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 is legally bound to send a 1% non-refundable holding deposit (subject to a minimum of £500) to the seller's solicitors who will hold it for their client until the formal exchange of contracts on the property takes place. It is at the buyer's discretion as to whether they choose to wait for the seller's confirmation email or not, but the buyer has 1 week from the end of the auction to transfer this 1% (subject to a minimum of £500) holding deposit in cleared funds to the seller's solicitor. Should they fail to do so, the seller will be entitled to sue the buyer for this sum and will also be free to sell the property elsewhere. If the seller's solicitor will not accept payment from the buyer personally, then the buyer must appoint a solicitor or a licensed conveyancer to forward the deposit on their behalf.
• The buyer then has a 6 week exclusivity period (or such other period as clearly specified by the seller in the additional notes) commencing from the end of the auction within which to formally exchange contracts on the property. During this exclusivity period, the buyer has the opportunity to spend money on bank valuations, surveys and further legal costs safe in the knowledge that they can not be gazumped. This is because the seller is contractually obliged not to offer for sale, or sell the property to anyone else during the exclusivity period.
• 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.
• If the buyer fails to proceed to a formal exchange of contracts by the end of the exclusivity period, they forfeit their holding deposit and the seller is entitled to sell the property elsewhere.

Important Notes to Bidders
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 highest bidder at the end of the auction, you will be bound by law to forward a non-refundable 1% holding deposit (subject to a minimum of £500) to the seller's solicitor as soon as the auction is concluded and a contract email has been received. You will not be forced to complete the purchase of the property in the unlikely event that you change your mind but you will not be refunded the holding 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.