Andy’s Top 10 Tips for Auction Day.
July 4, 2016
- Bring two forms of identification (passport or driving license with photo and a recent utility bill), your cheque book or debit card and all your banking details, as well as your solicitor’s full contact details.
- If you are planning to bid on the day, you will need to register at the reception where you will then be given a bidding paddle with your unique bidding number.
- Arrive early. There is so much more happening than the auction itself these days. Specialists are usually on hand to advise you on buy-to-let and auction funding, legals, planning, surveying, lettings, property management….and much more. Plus this is your last chance to check over the legal packs for any properties of interest (although this should be done earlier than Auction Day!).
- On arrival, get a copy of the Amendment Sheet. This should be distributed around the auction room and contains late information or alterations. Don’t assume that all the properties included in the catalogue will be offered on the day – some may be withdrawn or sold prior to the auction.
- Take a few minutes to familiarise yourself with the empty auction room before the auction starts so you are comfortable and confident in the surroundings.
- Take a seat or stand somewhere in the room where the auctioneer will able to see you bidding clearly.
- When bidding, make sure you gesture clearly at the auctioneer. Either raise your hand or nod/shake your head clearly. The auctioneer will warn the room when he is about to conclude a sale.
- If a property fails to reach its reserve price, don’t lose heart. The vendor may decide to accept your bid later at the end of the auction or in the days following.
- If you make a successful purchase, check whether you are required to insure the property from exchange. Usually, this is the responsibility of the seller (until completion), however sometimes this is passed on to the buyer.
- Good luck, enjoy the day and if you would like help or guidance with buying a property at auction then get in touch!
Andy
@AndyT___ / andy.thompson@edwardmellor.co.uk / 07530 704 234
“Andy, your knowledge of property auctions and the help you offer is absolutely invaluable, thanks again for everything!”
N. Rothwell June 2016
You May Also Enjoy
Lloyds reveals its 2025 housing hot spots
Plymouth property prices up +12.6% over the past year Hull joins the top 10, up +6.5%, and fresh from being named a 2026 ‘Best of the World’ destination by National Geographic Value of a London home dipped slightly (-0.1%) but remain the most expensive overall, averaging £574,514 Amanda Bryden, Head of Mortgages…
Read More 
2025: A landmark year for UK renters and homebuyers – what consumers need to know
From major rental reforms to new powers tackling unsafe or empty buildings, 2025 has become one of the most transformative years for housing across the UK. Whether renting, buying, or managing a property, millions of people will feel the effects of the changes rolling out nation by nation. Propertymark has broken down what these changes…
Read More 
Are ‘for sale’ boards becoming obsolete?
Earlier this year, Westminster Council announced that it would apply to ban estate agents from displaying sales boards outside residential properties in the local area; now, Epping Forest Council is the latest to follow suit. With this in mind, Jack Malnick, Property Expert and Managing Director at Sell House Fast has shared his thoughts on…
Read More 
A More Affordable Christmas for Homebuyers
The latest research from award-winning mortgage adviser, Alexander Hall, has revealed that – despite the government failing to leave any affordability-focused initiatives under the tree in the recent Autumn Budget – this Christmas is shaping up to be a far more positive one for the nation’s homebuyers, as borrowers entering the market today are benefitting…
Read More 
Most active property markets in 2025 revealed
Scotland and Yorkshire home to UK’s most active property markets in 2025 The latest research from The Property DriveBuy reveals that Scotland and Yorkshire have been home to the UK’s most active housing markets in 2025, with Birmingham, Somerset, Cornwall and Buckinghamshire also ranking within the top 10. The Property DriveBuy has analysed the latest…
Read More 
The Renters’ Rights Act: turning change into advantage
The private rental sector is entering a period of unprecedented change. For estate agents, the Renters’ Rights Act 2025 taking effect from May is not just another piece of legislation – it will reshape how you advise landlords, manage tenancies and maintain compliance. Mustafa Sidki of the real estate team at Thackray Williams explains how…
Read More