Unless you're a seasoned pro, and have been in the property auction game before, buying a property at auction can seem like an overwhelming process, as well as a huge risk. At Countrywide Property Auctions we understand the reservations that some may have around buying at an auction, and have teams of experienced property auctioneers who are here to help guide you through the process every step of the way.
To help you understand the process of buying at a property auction, we have put together some information that may be useful
All our properties available are displayed on our website. You can view the auction catalogue, property details, photographs, virtual tours, along with the legal pack. You can subscribe to our mailing list to receive regular updates about new instructions to the market. Please contact us for more information.
We ask that all potential buyers carry out their own due diligence checks prior to bidding on a lot at auction. Viewing a property is a good way to satisfy yourself of its condition and to get a feel for the area it is in.
Once you have instructed a surveyor, please ask them to contact our auction office directly and we will allow them to gain access to the property. If you are looking for a surveyor or some advice on what type of survey might suit you best you can always speak to our team at: Countrywide Surveying Services 0161 401 2917 or visit countrywide.co.uk/surveying.
Buyers will need to pay a 10% deposit upon the fall of the gavel at the auction. The remaining monies must then be paid in full, usually within the next 28 days. If you need to obtain a mortgage it is important that you receive an offer from your lender in principle before the auction day. Most building societies and banks will wish to instruct a surveyor to prepare a valuation report before making you a mortgage offer, so it is advisable to make your mortgage application as soon as possible. Countrywide Property Auctions has teamed up with Inhale Capital to give you access to quick finance. . For more information please click here.
Legal packs containing special conditions of sale, title deeds, leases, office copy entries, searches and replies to pre-contract enquiries will be made available for you to read prior to the auction. Please note that you buy subject to all documentation included in the legal packs regardless of whether you have chosen to read them or not. Copies can be viewed online and are uploaded to our website as soon as they are available and you can sign up for alerts when documents are added or updated.
We strongly recommend you take legal advice before bidding.
Our auctions are conducted live online, with a professional auctioneer managing proceedings in real time. Bidders can take part using any of the following methods:
Please note if you just want to watch the auction you do not have to register.
Bid live online via our secure bidding platform. Once approved, you will be able to access the live auction feed and place bids in real time.
A member of our team will call you shortly before your chosen lot is offered and bid on your behalf, based on your instructions.
You can authorise the auctioneer to bid on your behalf up to your specified maximum amount.
Registration opens once the online catalogue is released, and must be completed for each auction you wish to participate in.
Registration usually closes 24 hours before the auction.
To begin registration, visit the official online registration link for the auction.
Once the gavel is brought down you are legally obliged to pay for the property purchased and refusal to pay can result in legal action. A 10% deposit plus the buyers fee must be paid immediately The remaining monies must then be paid within 28 days of the auction.
Contact our regional offices by telephone
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