Buying at Auction Guide
We have purchased properties from Town & Country Auctions three times now, they are always reliable and have never let us down.
How to Bid
Looking to buy a property through auction whether it's your first-time or an experienced bidder. Our buying at auction guide will help you throughout the process providing you with guidance to confidently secure your purchase.
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Unsure of auctions? Take a look through our frequently asked questions.
If you're investing in a residential or commercial property, or a plot of land at our auctions - speak to Together about arranging any short-term finance.
The guide price is an indication given by the Auctioneer. Where the guide price is a bracket figure, the reserve cannot exceed the top end of the bracket price. If the guide price is a single figure, then the reserve can be up to 10% excess of this. The guide price may not always be the same as the reserve price. A reserve price is the price stipulated as the lowest acceptable by the vendor. The figure is confidential between the vendor and the auctioneer.
An unconditional auction is what most people understand an auction to be i.e. the property is sold on the fall of a hammer. The conditional auction gives both parties 28 days (unless otherwise agreed) to exchange contracts on the property following the fall of the hammer, providing sellers and buyers with a fixed time scale for the sale.
In room auctions
We hold traditional in room auctions, these are held in venues which is detailed on our upcoming auctions. Catalogues will be available to download 2 weeks prior to the auction which will detail the order of sale, property listings, fees, and auction conditions.
These are held on our upcoming auctions a widget will appear on the property listing which will show you the bidding opening time and ending time.
Contact the office dealing with the property you are interested in; you will be asked to provide your contact information along with your buying position for example mortgage agreed in principle or a cash buyer. You can arrange a second viewing and are welcome to bring another person with you. Most viewings are accompanied by one of our property experts who will be on hand to deal with any enquiries.
Vendors may consider pre-auction offers, this is still subject to auction terms and conditions. Contact a member of the team to discuss further.
In a private treaty sale through an estate agent, you would expect to see the legal documents after you have made an offer. As the auction sale requires speed of the transaction these are provided by the seller solicitor in advance of the auction. The legal pack is available through a link on our website, you can download the document, review and request your solicitor to review. If the legal is not available, you can register your details and be notified when it is ready.