Benefits of buying at auction

With a diverse range of homes and investment opportunities available, auctions provide a fast-paced environment where buyers can acquire properties at competitive prices.

Complete Faster - Thornley Groves

Complete Faster

Auction offers quicker completions vs. Private Treaty where it can take over 100 days to complete.

Quick and Easy Bidding - Thornley Groves

Quick and Easy Bidding

We know life is busy, that’s why we pioneered online auctions so you can bid from the comfort of your home, 24 hours a day, 365 days
a year.

Buy with a Mortgage - Thornley Groves

Buy with a Mortgage

Our option of Modern Method Auction (MMoA) provides an extended timescale of 56 days from receipt of draft contracts for completion.

Additional Security - Thornley Groves

Additional Security

The buyer and vendor enter into a Binding Reservation Agreement, committing them to completing the purchase.

Understanding the auction process

1

Search

Auction properties can be found on major property search engines, or advertised with our Estate Agency Partners. You can also search on www.iamsold.co.uk

2

Viewing

We would always recommend viewing any property you are considering. You can book your viewing through the Estate Agent and afterwards the iamsold team will be in touch to discuss your feedback and potential interest in bidding.

3

Buyer information pack

If you plan to bid, you need to carry out your due diligence before proceeding. To help you, each property has a Buyer Information Pack and we highly recommend that this information is reviewed carefully or with a solicitor before bidding. 

4

Sale method

Information will be available about how your chosen property is being sold; this will either be via Traditional or Modern Method of Auction.

Latest auction properties

Buyers auctions guide

Our buyer's auction guide offers a comprehensive overview of the auction process, helping you navigate each step with confidence. From understanding bidding strategies to securing financing, we ensure you’re well-prepared to make informed decisions and maximise your chances of success.

Download guide

Our experts answer your questions

If you have any more questions or need further details, feel free to explore our guides or reach out to our team. 

It’s essential to do your research on the property and comparable sales in the area. Consider your budget and any additional fees, such as the Reservation Fee. We also provide insights and guidance to help you determine a competitive bid.

If you win, you’ll need to pay a Reservation Fee within a specified time frame, typically 2 hours after the auction closes. You’ll also have a set period (28 or 56 days) to complete the purchase, so ensure your financing is ready and your solicitor is instructed.

Start your property journey

Book a free market appraisal or get an instant online estimate