Online Auctions

Surelock Network Auctions now offers an alternative to traditional property auctions – online auctions!

Online property auctions are a great way to combine the speed and transparency of a traditional auction room with the ability to view and bid for a property from the comfort of your own home.

The seller secures a committed purchaser online while the buyer secures the property they want and an exclusive period in which to exchange contracts and agree a completion date that suits both parties.

The lead up to the online auction differs from the traditional auction, online catalogues and legal packs are distributed and viewings can be arranged and conducted. The bidding process is as transparent and open as it is in an auction room, with the numbers appearing on screen rather than being announced or requested by an auctioneer.

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To view a list of our current properties available for auction please click the button below and search our online auction properties.

Auction Documents & Properties Available At Auction

To bid for one of the properties you have seen on our online auction website simply click the button below, register your details and begin the bidding process.

Register To Bid

What’s the difference between an online and traditional auction?

The main difference between an online auction and a traditional auction is the point when the buyer places a winning bid. The deposit is currently 1% (or a minimum of £3,500), rather than the 10% deposit required at a traditional auction. In return for that deposit, the buyer’s winning bid secures an exclusive period – usually four weeks – in which the property will not be open to any other offers, when surveys can be arranged and finances can be put in place in order to exchange contracts.

For the seller, a Surelock Network E-Auction provides a sale on a set day, and peace of mind that a committed purchaser is working hard to fulfil the four-week contract exchange time frame.

For more information about buying or selling at a Surelock Newtork E-Auction, please contact us where a member of our team will be happy to advise you further and take your details.

Property auction Hammer

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