What Happens On Auction Day?

Remember, if you've decided on the property that you want to bid on, and have everything in place in order to attend the auction, then the final piece of advice, in the run-up to the auction, is to keep an eye on the 'guide price' (this is the price listed in the catalogue).

Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Before the auction, contact the auction house just to make sure the property is still available. Also make sure you have made a decision on what your maximum bid will be. This will be based on your view of the property's value (having carried out viewings and local searches) rather than the guide price, and on the money you have available.

Now, the auction day itselft is by far the most exciting part of buying or selling at auction. To know what your role will be and what to expect on the auction day, have a quick read of our STEP BY STEP guide.

Remember, that if you have any queries or need some advice, the auctioneers are always on hand to help, both before the auction and during the day.