Property auctions are popular with sellers and buyers alike. They provide an effective route to market, with contracts exchanged on the fall of the hammer, followed by completion in 28 days.
Our website, www.lshauctions.co.uk, provides auction dates, catalogues, legal documents and a tool to track the properties in which you’re interested.
Why should you sell your property at our auctions?
We hold five commercial and residential property auctions each year, with clients including banks, LPA receivers, administrators, trusts, local authorities, executors and public & private property companies.
Our team has 45 years’ auction experience, with a strong track record of repeat business from both public and private sector clients.
We can call on 850 colleagues from around the UK for specialist sector or regional advice to make sure your property is seen by the right prospective buyers. We sell around 80-85% of all lots entered into each auction.
Selling property at our auctions – step by step
- Once we’ve received some basic property information, we’ll suggest a sale and a reserve price (if we think your property isn’t suitable for auction, we’ll recommend other routes for sale)
- After our surveyors have inspected your property, we’ll send draft sales particulars to you and your solicitors for review
- We’ll recommend a guide price for your approval – a realistic guide price will generate competitive bidding in the auction room and help you achieve the best price
- We’ll start marketing your property 3-4 weeks before the auction – through print and online catalogues, email alerts to private investors and advertising, as well as through targeting interested parties
If you would like further information, visit www.lshauctions.co.uk or contact the team.
Buying property at our auctions – step by step
- Check the guide price for any properties in which you’re interested - these prices often change
- Contact us to view the property before the auction (at least 48 hours notice required)
- Register your interest with us – vendors may consider selling property before the auction
- Arrange finance in advance – if your bid is successful, you’ll need to provide a 10% deposit on the day
- You can bid by telephone or by proxy in writing – download the remote bidding registration form from the website
- On the day, bring a cheque book, at least two forms of I.D and your solicitor’s details
- Make a bid by raising your hand or catalogue
- If you have any doubts, don’t bid - when the hammer falls, if you are the highest bidder you have bought the lot
- If the property you wish to buy does not sell, register your highest bid with us before you leave the auction room
If you would like further information visit www.lshauctions.co.uk or contact the team.