Property auctions are available across the UK.
More people sell their property this way, especially when it’s in bad condition.
If you’re new to this area, it may be unclear whether you can view the house.
Read on to learn more.
Property auctions
Property auctions are one of the main alternatives to selling on the open market.
There is some variation between individual auctions, but most follow the same processes and time frame (8 – 12 weeks).
Success rates also vary, but it’s estimated that 4 in 5 properties listed at auction get sold. Potential buyers bid to buy property above a guide price.
Can you view an auction property?
Yes, in most cases.
Most auction companies recommend that anyone planning to bid on a house views it first.
This gives you a clear perspective on the size and condition. You can also complete a survey to reveal any unknown problems.
You should contact the auction company to arrange a viewing. Often, it’ll be done as an open house viewing. But not always.
Do I need to make an appointment to view an auction property?
Most auction properties are shown via an open house. You don’t need to make an appointment if this is the case. You show up when it takes place.
You’ll need to make an appointment if you want a one-on-one viewing. Typically, a representative of the auction company will show you around.
Once you’ve viewed the house, you may want to organise a survey. You should contact the auction company to arrange this.
How to find auction properties near me
Most auction companies list their properties on a website.
This should include an indication of when open house viewings are. And the date of auction day.
These houses may also be marketed on platforms like Rightmove and Zoopla. Check the description to indicate if it’s for sale via auction.
There’s no designated section for this on these websites. So you’ll need to do your research.
Some auction properties may be marketed in other ways.
The owners could put a sign at the front announcing that it’s for sale via auction. And adverts could be placed in local magazines, too.
Set up alerts for when a new auction property enters the market. Or you could ask the auction company to contact you.
How can I view an auction property if it’s out of bounds?
Sometimes, a property that can’t be accessed is listed at auction.
There may be for several reasons, including:
And more.
In this case, there should be virtual options for you to view (photos and videos).
Speak to the auction company and ask if these are available.
You often won’t feel comfortable bidding without a clear sense of the property’s condition.
If enough visuals haven’t been given to you, then perhaps you shouldn’t offer. Many don’t bid without a survey first, either.
Can you view an auction property if you don’t plan to make an offer?
Yes, you can.
It’s difficult for auction companies to screen by willingness to offer. Especially since many people don’t know whether they’ll deliver it until they’ve seen it.
As mentioned above, viewings usually occur through open houses. If you visit during this slot, you’re allowed to look around. You aren’t legally obliged to make an offer.
How long do I have to view an auction property?
You should contact the auction company to confirm this. Usually, properties are listed at least one month before the auction date.
Open house slots will be outlined for you to visit and look around. You should allow enough time if you want a survey completed.
