Buying at Auction FAQs and Guide
We know that there is a lot of information and things to remember when it comes to buying at auction. To help, we’ve answered some of our most frequently asked questions below. If you have any other questions please contact us.
Can I change my mind after making a successful bid?
No, if you’re the successful bidder then you’re legally bound to purchase and pay a 10% deposit once the bidding concludes and the virtual gavel has fallen. If you cannot complete the purchase, then you risk losing your deposit and are liable for all losses.
News and Blogs
Allsop raises £45 million in July residential auction including Marylebone block of flats
Allsop, a leading property consultancy and the UK’s leading property auction house, raised £45 million at its two-day July re...
Five Years On: How Online Auctions Reshaped the Commercial Real Estate Auction Market
Five years ago, the UK came to an abrupt halt. On 23rd March 2020, the government’s lockdown order shut down physical spaces—...
Podcast: What is trading well in this tight Auction market and what will the next few months look like?
Want to know more or would simply like some advice? We hope you find this podcast useful. If you want to know more about topi...
Liverpool investment headlines c. £27m Allsop commercial auction
Allsop, the leading property consultancy and UK’s largest property auction house, raised £24m at its June commercial auction,...