Buying A Property Through Online Auction
Say goodbye to guesswork! With our online property auctions you’re always in the loop.
See all bids, no more secret bids. Swift, chain-free sales mean less waiting.
Access the legal pack straight away.
Welcome to a simpler way of buying property, the Arron James way.
When buying a property there is a level of uncertainty:
What if someone out bids you but their bid is confidential so you have no idea what they bid.
The seller is buying from someone that is part of a chain so you agree to purchase their property and then end up stuck waiting, and waiting and waiting for everyone to find somewhere hoping that no one in the long chain pulls out!
You find somewhere you like and the seller pulls out
Buying your property through online auctions removes that uncertainty:
There is full transparency on the bidding so you can see what others are bidding for the property
The sales are chain free so the process is speedy – You complete and exchange within 20 days of the auction ending
You have access to the property legal pack immediately
To register and view our online auctions click here
Frequently asked questions and answers:
Q. How long does each auction last?
A. The seller has the freedom to choose how long their auction period lasts. A countdown timer is attached to each property, so bidders can see
how long is left of the auction. Whenever a bid is placed in the final 5 minutes, the auction timer will reset to 5 minutes. This is to allow other
parties a fair chance to place another bid. The auction will end when the countdown hits zero.
Q. I’ve placed my bid. Can I bid again if my bid is exceeded?
A. Of course! You are free to bid as many times as you feel comfortable. You will have to go through the bidding steps, so make sure you place that
bid in time! We will notify you by email if you’ve been outbid.
Q. Are there minimum bidding increments?
A. Yes. When a bid is placed, we will automatically snap the next bid to the minimum increment.
Please note that the auctioneer may vary the minimum increment depending on the property, so not every property will have the same minimum increment.
Q. Do you use automatic proxy bidding?
There is an automatic proxy bidding system in place. You can place your maximum highest bid at any point during the auction, the system will
then automatically bid incrementally until that maximum bid has been reached. We have a time extension mechanism in place to give you time to put another bid in – whenever a bid is placed in the final 5 minutes, the auction timer will reset to 5 minutes. This is to allow other parties a fair chance to place another bid.
Q. Can I download and print legal documents?
A. Yes, you are free to download and print the legal documents. We recommend you use a solicitor or conveyancer to review the legal documents, but that is entirely your decision.
Q. How do I know the seller owns the property?
A. The legal pack should include an official copy from the Land Registry. This document will specify who owns the property and whether there are any charges or mortgages that need to be cleared. Your solicitor can assist you with this information.
Q. What fees do you charge for the conditional online auction?
A. If you are the winning buyer, we will automatically charge you a fee of £5,000 +VAT online (using the payment details provided). This is in addition to the purchase price. Any outstanding amounts of the reservation fee are due to be paid immediately at the end of the auction.
