auction sites

tiger135

looking for where to look for auction properties?
considering buying with cash and wondered what was out there. any recomendations ? thanks 

eddddy

Most auction properties are listed on rightmove.

There's a search filter you can set called "Auction Property".

But check the terms of the auction - there are typically 2 types:

• Traditional auctions / unconditional auctions
• "Modern Method of Auction" / conditional auctions

Typically, the "Modern Method of Auction" has very bad t&cs. Many people would suggest you avoid them.


(And more generally, some people lose a lot of money by buying properties at auction. So you need to be careful!  Auction properties are almost always "problem properties", in some way.)

Zoe02

Pay attention to the legal documents and terms and condition.

Sometimes worth paying someone to looks through the legal pack. 

theartfullodger

When I bought at auction (never having seen inside the place.. children do not do this at home..) early 2000 I had to pay 10% when the hammer came down - then "complete" within 28 days...

A few surprises but worked out: Currently selling, under offer, lookin' good...

Read all the terms etc before going. Take a calm, sensible friend & tell them your maximum bid before it starts..

tiger135

thanks so usually they all go on rightmove ?

mi-key

If you have never bought at auction before, and don't even know where the houses are advertised, buying from auction may not be a good idea for you. It really isn't a way to get a cheap house to live in

propertyrental

Did you try duckducking (ok, google if you insist) before posting? 'property auction' returns many agents/auction houses....

A couple of sites pull together all (most) auction houses eg
https://www.auctioniq.co.uk/?utm_source=Bing&utm_campaign=Home page&CampaignId=418112921&utm_medium=cpc&network=s&device=c&adid=83906639210883

https://www.propertyauctionaction.co.uk/

but as others have said, you can get badly burned if you are not careful. Avoid 'modern method' auctions, and attend several as an observer before you try bidding.

badger09

Why are you looking for Auction properties?