Guide to Buying Property at Auction

Live-Stream Auction Guide

We conduct our live stream auctions by our in-house auctioneer via our website. You will be able to see and hear the auctioneer. You can register to bid on our website and choose your preferred method of bidding which will be either telephone, online or proxy.

The three bidding options we offer for our live stream auctions are –

Telephone bidding

Once you have registered, a member of staff will attempt to contact you by telephone prior to the lot being offered. If contact is made, then the bidder may compete in the bidding via the telephone through the Taylor James Auctions team. If we are unable to make telephone contact, or the line cuts out, the auctioneer is authorised to continue to bid on behalf of the telephone bidder up to the maximum bid (proxy bid) which was agreed with the bidder prior to the auction.

Proxy Bidding

Once you have registered, a member of the Taylor James Auctions team will bid on your behalf on auction day.

Internet bidding

Once you have registered you will be able to place bids yourself via the bidding platform alongside the live stream.

What happens on the day of the live-stream auction?

• The auctioneer will announce each lot and highlight any addendums applicable.
• The auctioneer will orchestrate the bidding and invite bids from the various platforms which include telephone, online, and proxy.
• The ‘fall of the gavel’ is when the highest bid is achieved. If you are the successful bidder, you will exchange contracts immediately and a member of the team will be in touch to discuss the next steps.

What happens if I am the successful bidder?

If you are the successful bidder, a member of the Taylor James Auctions team will contact you once the auction has finished. You will need to confirm the details for the contract, pay any outstanding balance of the required, non-refundable, deposit then all documentation will be sent to your solicitor to start the conveyancing process.