If you’re thinking of buying a property at auction then you’ve come to the right place. We’re here to provide you with a step-by-step guide highlighting the process of buying property through a Sutton Kersh auction.
First things first, you’re going to want to pick up a copy of our current auction catalogue to see what lots we have for auction. You can view these catalogues online, or sign up to our mailing list to receive them by email.
Be prepared for a lot of reading as we consistently have some of the largest auction catalogues in the South West.
You’ve found a property that you like the look of. Great! Most vacant properties will have a virtual tour on our website where you can check out the property’s condition. The next step is to arrange a viewing. We always advise that buyers view the properties before bidding on them for complete satisfaction about their condition.
Similarly, we advise that you have the property surveyed so you are fully aware of everything the property entails. Once you have a surveyor, you can put them in contact with us and we’ll provide them access to the property that you wish to buy.
If you’re buying a property using a mortgage then you’ll need to have an agreement in principle before the day of the auction. This is because you’ll have to pay a 10% deposit after the fall of the gavel and provide the rest of the funds within 28 days (unless otherwise stated within the legal pack).
Banks and lenders will usually need to have the property surveyed by themselves before offering you a mortgage so it’s best to apply for your mortgage as soon as possible.
We’re partnered with Together, an award-winning auction finance organisation, to help you finance your purchase.
Break out the magnifying glass and read the small print. This includes any special conditions of sale, deeds, replies to enquiries and more. We provide all legal packs online, all you need to do is follow the link adjacent to each lot, create an account and you will be updated by email once the legal pack is available.
You’ll be glad once you’re done because your purchase will be subject to all documentation in the legal packs.
If you are unsure of anything within the pack, we strongly advise you consult your Solicitor. If you don’t have one yet, don’t worry, we can recommend a Solicitor from our trusted panel.
We need you to register before you can make any bids.
We Offer 3 Ways To Bid At Our Auction.
To register to bid at the auction you simply have to create an account and follow the steps. Registration closes 24 hours before the start of the auction.
Now the fun begins! You can bid before the auction if you have registered in advance. Otherwise, bidding will take place during the auction, or after if the property that you want didn’t sell.
If you’re unable to attend the auction in person then you’ll be glad to know that we accept bids online, over the phone, and by proxy.
Congratulations, you have just won your property at auction! You will have to pay a 10% deposit plus the buyer’s fee by card, with the rest of the funds needing to be paid within 28 days, unless otherwise stated within the property’s legal pack.