fbpx

Buying at Auction

Find a property

Include sold lots

Buying at auction couldn’t be simpler

Magnifying Glass - Bid

Bid in-room

Bid Online

Bid online

Phone icon

Bid by phone

Proxy

Bid by proxy

400

Lots offered (in 2018)

Different types of Property

All types of property & land

Conditional

Conditional & unconditional contact options

Properties on RightMove

Properties on Rightmove

Free Legal Pack Download

Free legal pack downloads

Book Viewing Online

Book viewings online

Step by Step

  • Set your budget

    Properties will be advertised with a guide price, which will be within 10% of the seller’s reserve price. All prospective purchasers should inspect the legal packs in order to be made fully aware of any additional costs, if applicable.

    Step 1
  • Do your research

    There are lots of places you can start looking; auction catalogues, Rightmove, property supplements, social media, regional and local papers and by contacting us directly. It’s also worth keeping an eye on our website, which is updated daily and subscribing to our emailing list.

    Step 2
  • Your methods of sale

    SDL Auctions offers three methods of sale. All three methods require different deposits and feeds to be paid, please refer to our handy guide.

    Unconditional fixed fee
    Unconditional variable fee
    Conditional with reservation fee

    Step 3
  • Your ways to bid

    Lots can be entered into an in-room auction or an online auction. In-room auctions will have a set time, date and venue for the lots to be sold while online auctions take place every day with the properties advertised on our website prior to the auction starting as ‘coming soon’ lots, once the legal pack has been finalised the property will become live.

    Step 4
  • Preparing to buy in auction

    We recommend booking a viewing of the property which can be done via our website or by contacting the auction team, if necessary you can also arrange for a surveyor to have a look at the property. You should read the legal documents, which will be uploaded to our website, and ensure you have your finance in place for the deposit, any associated fees and the final balance.

    Step 5
  • Offers prior to auction

    You can submit an offer before the auction. All offers must be received in writing and must be above the guide price. If the offer is accepted, your purchase will go ahead under auction conditions and when contracts have exchanged, the property will be withdrawn from the auction. There are often properties that can’t be sold prior to auction for various reasons, the auction team will be able to advise you if that is the case for the property you’re interested in.

    Step 6
  • Bidder registration

    If you are bidding on an online auction property you must first create an account which requires you to enter your card details and to be authorised for money laundering purposes. For in-room auctions you will need to register on arrival at the venue by filling in a short form and showing two forms of original ID, both photographic and proof of address. You will then be given a bidding paddle.

    Step 7
  • It’s time to bid

    When your lot is open to bidding, either when it goes live online or when the auctioneer offers it in the auction room, you can place your bid by clicking or raising your bidding paddle. Online you will be notified via email if you have been outbid and you’ll have the opportunity to make another bid. In the auction room once the final bid has been put forward the auctioneer will signal that it is about to be accepted by using a phrase along the lines of going once, going twice, third and last time, and then drop the hammer to close the sale.

    Step 8
  • What if I can’t attend?

    If you are unavailable at the time the online auction is scheduled to end it is possible to enter your maximum bid in advance. You can arrange either a proxy, telephone or internet bid for any lots offered in the auction room.

    Step 9
  • Congratulations! Your bid has been successful

    The auctioneer is legally entitled to sign the contract or reservation agreement on your behalf, the paperwork will be completed and sent to your solicitor so the completion work can be carried out. If you are present in the auction room you can sign the contract or reservation agreement.

    Step 10
  • Completion

    The solicitors will deal with the completion work with you. The final balance is usually required 28 days after exchange (unless stated otherwise in the contract). Once the seller’s solicitors have advised that the completion has taken place you will be able to collect the keys for the property.

    Step 11

Reviews

  • I would firstly like to thank you for the amazing service you offered on the help of my property. You were very understanding and got us in to the brochure very last minute and luckily on first page, from start to finish I have been amazed on how fast and efficient you were – and Vejay too. I hope to use your services again and wish you all the best.”
    Mrs Minhas

    Mrs Minhas
  • “We’ve worked with Andy Thompson over a number of years in disposing of our excess stock. We always use Andy as he is excellent at maximizing value. He is extremely well connected in the North West and this really seems to help in identifying the best buyer for the property. On this particular lot, Andy secured a sale considerably above the reserve within a week of our instruction.”

    Vendor of 27 Cleveland Road, Crumpsall
  • “It has been so straight forward with no massive estate agent fees and my house went up in price not down in the way it happens with estate agents. I am now very nearly a cash buyer which really helps with negotiating on the next property!”

    Mrs M
  • “I’m still on cloud nine and wanted to contact you properly to say thank you for all your help and support during the purchase. Your friendly, professional manner made a very stressful situation so much easier to cope with. Fingers crossed now for a smooth completion. Thank you again.”

    Ms P
  • “I’d like to take this opportunity to thank you for your excellent service and customer care; the prompt email replies and general help have been much appreciated. I would have no hesitation in buying property through you in the future.”

    Mr S
  • “You and your firm’s professional approach were outstanding and I was amazed at the amount of technology that you use on the day. The screens and bidding information are clearly a great benefit to everyone in the room. You have an excellent team, who all worked so very hard during the sale.”

    Mr W
  • “[We] would like to thank you for all your help and support over the last couple of months. We hadn’t really considered the auction route, probably due to a lack of understanding of its benefits and pitfalls. We feel that with your patience, encouragement and professionalism, we have definitely had a very positive experience and we are more than happy with the auction outcome.”

    Mrs F