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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.   

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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.

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4.8/5

rating from 144 reviews

Google Reviews
A very happy seller (2 bed freehold house). We used First For Auctions as the property was not suitable for an estate agents due to needing to be renovated. They are part of the same group as Leaders, (the Romans Group) who asked them to get in contact with me. I found them to be very knowledgeable, affable and they kept us updated on the process every step of the way. Gareth Bell was my point of contact, and he was very good at explaining everything in a transparent way, so that I was kept completely up to date with the weekly email updates and explanations of the markets reaction to the house, and he was always available by phone for any question, no matter how small. I thought we may get less for the house at auction, especially as the reserve was set under what we hoped for, but in reality, the house went for slightly more than its value, and the completion was hassle free in only 6 weeks! As an unconditional auction, it gives the seller total peace of mind, as there can be no last minute buyer shenanigans. I would absolutely use them again, both to sell, and to buy.
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Niaomi
21 days ago

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