What Happens On Auction Day?

So 2015 has dawned and we're very excited about the first auctions of the new year!  Our auction calendar will soon be filled with dates throughout the UK for next month - and the first catalogues of the year should start to be released from the middle of next week.

Now, if you decide on a property that you want to bid on (and have everything in place in order to attend the auction), then in the run-up to the auction do remember to keep an eye on the ‘guide price’ (this is the price listed in the catalogue). 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.  We suggest taking along a friend or family member to make sure you don't exceed your limit!

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.

Best of luck!