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BUY PROPERTY AT AUCTION


Here at whoobid we have two different types of auction that we offer through our online platform, the traditional approach and the modern method of auction. We will talk you through both individually...


Traditional Auctions


Our traditional auctions enable a property to be sold through our online platform in a way that is consistent with auctions you may have come across before. A property is listed online and advertised with a guide price that is an indication of a sellers minimum expectations and the reserve price is not usually in excess of 10% above the guide. The property being auctioned will have an auction pack produced that will be accessible from the listing once you have registered as a buyer, this may take a week or so to be produced. It is strongly advised that you look through the auction pack in detail and seek legal advice. You will be able to see the date and time that the auction goes live and you will be able to place bids on the property. Please be aware that unlike an ‘Ebay’ style auction there can be no last minute bids, if this occurs the timer will increase by 3 minutes to give other bidders a fair chance to counter-bid. The bids that you place are legally binding and if you are the successful bidder at the end of the auction, the bidders fees will automatically be taken from your chosen account and contracts are exchanged, you then have 28 days to complete the sale. We please ask you to make sure you look at the fees payable and take these into consideration when making your bid as these are paid in excess of the property price.


Modern Auctions


Our modern method auctions allow a property to be put to auction whereby the property does not exchange when the clock times out, it does however grant the buyer exclusivity rights to buy the property at the winning price. This approach allows more time for buyers to arrange such things as finance that are often tricky with traditional auctions. A property is listed online and advertised with a guide price that is an indication of a sellers minimum expectations and the reserve price is not usually in excess of 10% above the guide. The property being auctioned will have an auction pack produced that will be accessible from the listing once you have registered as a buyer, this may take a week or so to be produced. It is strongly advised that you look through the auction pack in detail and seek legal advice. You will be able to see the date and time that the auction goes live and you will be able to place bids on the property. Please be aware that unlike an ‘Ebay’ style auction there can be no last minute bids, if this occurs the timer will increase by 3 minutes to give other bidders a fair chance to counter-bid. The bids that you place are legally binding and if you are the successful bidder at the end of the auction, the bidders fees will automatically be taken from your chosen account and you will need to exchange contracts within 28 days, you will then have a maximum of 28 days to complete the purchase. We please ask you to make sure you look at the fees payable and take these into consideration when making your bids as these are paid in excess of the property price. Please note that details of the contract, terms and conditions and fees payable can be found on the listing and in the auction packs for those listings and we strongly advise you read and seek legal advice.





WHOOBID 5 STAR GOOGLE REVIEWS



Whoobid reviews google feedback



Mrs Waldon "Had an amazing experience auctioning a piece of land in Somerset. Whoobid and Anglotown shared the publicity and the online enquiries of which there were over one hundred. The client was delighted that the land achieved almost double the £60,000 guide price. Thanks to Dan and Scott for their professionalism and constant support. The first of many joint ventures between Anglotown and Whoobid."



Mrs Ghura "Just completed on a flat with WhooBid. We mainly spoke to Dan and he was excellent from start to finish. I highly recommend Dan and the team. They worked very hard even during the Covid19 lockdown and got the deal done when most other companies used the lockdown as an excuse. Good job guys!"



Mr Wright "Having never sold through auction previously, it’s fair to say that I was a little apprehensive and more worried than any of my previous house sales. I absolutely did NOT need to worry. Dan called me to go through the process and described in detail what each of the steps would be. He kept me fully informed throughout and even called me within minutes of the online auction closing. The house sold for a great price (significantly better then we imagined) and so far the legal process has been seamless too. If you are worried about this route, then I would say if you and agent believe your property is right for auction - definitely use an online process rather than a traditional auction house. Watching the last hour of the auction online was very exciting, especially when the time was due to expire and the price kept pushing up, which extended the auction meaning we got the best possible price. Dan - you have been amazing and I can’t thank you enough for the time you put in to making this house sale so easy for me."


AVAILABLE PROPERTIES


28/07/2021 16:00:00

ONLINE AUCTION

GUIDE PRICE*
£1,100,000.00

Reservation Fee Applies

Freehold Property


Patricks Hotel
Mumbles
COMMERCIAL
30/08/2021 16:00:00

ONLINE AUCTION

GUIDE PRICE*
£1,000,000.00

Reservation Fee Applies

Freehold Property


Beach House
Selsey
HOUSE
28/12/2021 16:00:00

ONLINE AUCTION

GUIDE PRICE*
£50,000.00

Reservation Fee Applies

Freehold Property


75 George Street, Low Valley
Wombwell
HOUSE
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