No other auction provider in the UK & Ireland offers such a complete and comprehensive range of property auction services for estate agents to offer to their buyers and sellers. Together, we hold both live and online auction events nationwide, working in partnership with over 2,000 estate agent branches, who provide local knowledge and expertise.
We offer two types of auction, the Traditional Method and the Modern Method. The type of auction chosen will be discussed in detail with the vendor, however almost all of our properties are now sold using the Modern Method of Auction.
This is a tried and tested method associated mainly with selling and buying investment stock due to more restrictive timeframes to exchange contracts and complete the sale. This limits buyers and the interest in residential properties.
This more accessible route creates a transparent platform for buyers and sellers combining the best aspects of traditional auction and private treaty sales. We offer more realistic yet fixed timescales, opening up the marketplace for buyers and sellers looking to arrange mortgages as their method of payment. The transaction has 56 days in which to complete with parties aiming to exchange contracts within 28 days of the Draft Contract being received by the buyer's solicitors. In traditional auctions, the exchange of contracts will usually take place as soon as the buyer has won the bid.
The Modern Method of Auction opens the auction market (once reserved for the professional investor or cash-ready buyer) up to residential buyers, creating a larger marketplace and more interest and activity than traditional auction. It is the preferred route for buying and selling via auction and is changing the perception of auction.
3000+
Sales Agreed in 2017
50,290
Property Viewings Arranged in 2017
£333m
Raised In Sales in 2016
3,500
Online Auctions in 2017
Below is a list of the next upcoming public auctions happening nationwide.
A full list of upcoming auctions is available by clicking on the 'Download Calendar' button.
*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is powered by IAM Sold.
