Buying at auction is not for everyone, but we are here to ensure that it goes as smoothly as possible so please contact us if you are unsure about anything. We offer properties for sale in both conditional and unconditional auctions, please see our Auction Methodspage for further details.
Viewing is essential to your successful purchase at auction. View the catalogue, find properties that are suitable for you and arrange to view them via the listed Martin & Co office. It is always advisable to also get your surveyor or other professionals to view the properties you are interested in before offering or attending the auction to bid.
Before the Auction:
If you have found a property or two you wish to buy, ensure that your finances and solicitors are in place and that you can comply with the timescales of purchasing through auction. Your solicitor will view the legal pack prepared by the sellers’ solicitors and raise any concerns with you.
If you are unable to make it to the auction, please complete the non-attending bidders form and ensure that this is with us at least two days before the auction along with the required identification.
On the auction day, if you are successful at purchasing a property you will require at least 10% of the purchase price (subject to a minimum) for unconditional auctions (with the remainder being due within 28 days) and at least 3% of the purchase price (subject to a minimum) for those sold by conditional auction (with 10% of the purchase price being due within 28 days, the remainder within 28 days after that). You will also be responsible for insuring the property once you have exchanged. There is also a £600 inc vat contract document charge for the successful purchaser to pay per successful bid.
At the Auction:
Please arrive in plenty of time as you will need to register with us before you bid, whereas important announcements and addendums are read out at the beginning of the auction. If you are bidding on a property please make it obvious to the auctioneer. Once you have won a lot, you will be directed to the contract room to sign paperwork and pay the required monies. Should you have any queries, please contact a member of staff.
After the Auction:
Your solicitors will ensure that the legal timescales are adhered to so that you can take ownership of your new home within either 28 or 56 days. MAC Property Auctions will also be on hand to answer any queries and make sure that the process continues as smoothly as possible.
Whether you have bought the property to live in, renovate or rent, your local Martin & Co office are here to help.