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 releases largest commercial auction catalogue in 3 years
Allsop has released the catalogue for its September commercial auction, featuring 185 lots with guide prices ranging from £5,...
Allsop releases 355-lot catalogue for September residential auction
Allsop has released the catalogue for its September residential auction, featuring 355 lots across the UK. The catalogue incl...
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—...