Buying at Auction
Before the Auction
- find a property you like
- view the property
- go to www.whoobid.co.uk and create an account
- download the auction pack and give it to your Solicitor
- make sure you can secure finance if needed
To Bid
- upload verified ID on the ID tab
- upload your card information on the payment tab - you need to do this so you can pay the fees and have the property committed to you as soon as the hammer falls
- make sure your Solicitor's information is uploaded and your Solicitor is aware you are aiming to win a property at auction
- make sure all the details on your account are correct with names of all buyers added
During the Auction
- look at the starting bid and consider your maximum bid
- when you bid, your bid will automatically be increased by £500 from the starting bid until you hit your maximum. If you are outbid, you can bid again with a new maximum
- you can only bid during the three hour auction window
- upon wining an auction, fees will be payable and are in addition to the purchase price. We will then be in touch to discuss the next steps.
Contact your local Simmons & Sons office for more information