Buying Property & Land at Auction: Your Questions Answered
Posted by Clive Emson Auctioneers on 22nd November 2022 -
Each campaign, we have hundreds visit our auctions online, all looking for the perfect piece of land or property to snap up. If you’d like to try your hand at buying property (or land) at an auction, but don’t know how, we’re here to help.
With over 30 years of experience as auctioneers, we know the auction process inside and out. So, we decided to put together a list of commonly-asked questions about the buying aspect to make it easier for you. Read through the questions and answers below for all you’ll need to know.
Do I need to register to bid? How?
If you’re looking to buy property and land at auction, you will need to register to bid before the auction starts. Registering to bid is a very straightforward process that takes no more than 10 minutes and can be carried out on our website.
To register to bid, simply head to our Online Auctions page and click the ‘Register’ button. This button will take you to a form where you’ll be required to input the following:
- Your name
- Your address
- Your solicitor’s details
- Your credit/debit card details (for the £5,000 holding deposit taken if you are successful when bidding)
- Driving licence / passport details (for identification purposes)
You will also need to make a password, allowing you to log in. Find more information about the registration process here.
Do I need to provide an ID to bid?
As stated above, it is essential that you fill in the bidding registration forms correctly, during which process, ID verification is required. This can take the form of a valid passport or driving licence in compliance with the Money Laundering Act.
The details on these documents should also match the address, name, and contact details you provide us with.
When registering to bid online, the ID provided is securely stored with Bamboo Auctions (the third-party provider of our online bidding platform). We are unable to access these ID documents and therefore, in addition to the identity verification used to register to bid online, all successful buyers will be required to provide:
- The full name and address of the buyer for auction contract purposes
- The bidder’s details (if these are different from the named buyer)
- And the solicitor/legal representative
When buying a Lot, buyers must also present an original utility bill, council tax bill, building society or bank statement, or any other form of identity document (with the exception of a mobile phone bill or credit card statement) that has been issued within the last three months and that provides evidence of residency at the correspondence address.
How do I place a bid?
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Clive Emson Auctioneers
Clive Emson Auctioneers was founded in 1989 to supply a high profile auctioneering facility to corporate and independent estate agents, private clients and statutory bodies. Purchase or Sell land and property with one of the UKs leading property auctioneers.
