When we think of a property auction, we probably imagine a room full of investors with an auctioneer up front – hammer in hand – spouting numbers at record speeds.
These days, this couldn’t be further from the truth!
Nowadays, property auctions are a place for everyone and there’s no need to physically attend one. Online auctions are rising in popularity as a convenient way of bidding for properties in the UK.
Online property auctions are similar to traditional auctions. The main difference is that instead of bidding in person, you bid online.
Reputable online auction sites are completely safe and have huge benefits to bidders. You can bid from anywhere – whether you’re on holiday, at work or even in bed! The experience can be calmer and more efficient.
Just like a traditional auction, you’ll have the opportunity to browse the properties on auction and schedule a visit. Most online property auctions will have open house dates, rather than individual viewing appointments.
If you’ve found a property to bid on, you’ll usually need to create an account on the auction house website. It should be free to join and relatively simple to sign up. You’ll normally need an email address to create an account.
Most online auction houses will ask for proof of identity, so you may need a picture of your passport and a utility bill to hand.
Once you’re registered, you’ll normally need to add your payment details before you bid. This is because you’ll be charged an immediate deposit as soon as you win an online auction.
There are two types of sales at online auctions, and you’ll need to check which one applies to the property you plan on bidding for.
The two types include:
There are usually two ways to bid at an online auction. You can either:
Secure My Sale Estate Agents are your local property auction experts in the Grantham area. We are proud members of NAVA (National Auctioneers & Valuers Association) If you’re looking at selling or buying a Grantham property at auction we’d love to help!
Get in touch on 01476825258 or email us at firstname.lastname@example.org
Or visit our auction page on our website www.securemysale.co.uk/auction for lots more information and properties available across the country to buy in auction.For all the properties available to view through our Auction Department click on this link :- SECURE MY SALE AUCTION PROPERIES TO VIEW
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