Buying a House at Auction UK | First for Auctions

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Buying at auction: The benefits

Efficient. Transparent. Certain.

There are many good reasons for buying property at auction.

Buying a house at auction is transparent. You can see bids in real time. This means you always know how much to bid. The traditional route can be frustrating – you don’t see what other buyers have offered, and you can be gazumped at the last minute.
Unlike traditional sales, buying at auction offers greater certainty because contracts are exchanged on the day of the auction.
Completion usually takes 4-6 weeks. Within a month, you’ll have the keys to your new home in your hand.

Follow our 8-step process so you know exactly what to expect before you decide to buy at auction. Buying auction property is simple with First for Auctions.

4.9/5

Customer satisfaction on Google

82%

Sold success rate

100,000+

Buyers registered in 2024

Preparing to buy at auction

If you need a mortgage, our sister company, Mortgage Scout, will provide you with straightforward, honest mortgage advice. Their experience and industry contacts help secure the right deal for you.

Speak to an advisor

4.9/5

rating from 163 reviews

We were really pleased with the auction process. Gareth is extremely professional and knowledgeable. He took all the time we needed, helped us understand a process I personally knew very little about, and explained his advice clearly throughout. By following his guidance, we successfully sold a really tricky property. Communication and professionalism were excellent from start to finish, and we completed just six weeks later without any problems whatsoever. Highly recommend.

Victoria Lee

12 days ago

The auction route was faultless as everyone involved in the process was extremely competent, experienced and easy to deal with. This made what for us was a very anxious first experience of auctions a very smooth sales process. The lower guide price attracted plenty of buyer interest highlighting the potential for buyers to add value and the final sale price received was significantly higher. There is no shortage of 3 bed vacant possession properties for sale in our area on the open market. From our property first being advertised to auction day was 4 weeks and we completed 6 weeks later. Our team included Alex (First for Auctions), Jo (Clifton Ingram solicitors) and George (Northwood Gibbs Gillespie estate agents). We would use them all again without hesitation.

graham malcolm

26 days ago

This was my first time of using an auction house for selling a property and as it was a probate sale I was keen to ensure it went smoothly and was handled sensitively. Simon at First for Auctions was helpful throughout, explaining the process in detail and in keeping me up to date on progress. Some late reductions on the reserve price were necessary due to initial lack of interest but were handled efficiently. Being able to watch the online bidding on the day was nerve-racking, but useful to see the progress and eventual outcome in real time. Will probably not need to use again in future but have no hesitation recommending.

Erica Rae

29 days ago