Buying a property at auction
Buying a property at auction is becoming more popular each year, with thousands of people securing their dream home or an investment at the drop of a gavel. As a buyer, you enjoy a number of benefits when purchasing this way, such as:
- Contracts are exchanged at the fall of the gavel, so you cannot be gazumped
- You are able to see who else is interested in the property, so you can bid the price that you want to
- As contracts are exchanged on the day, you can take possession of your purchase normally 20 business days later.
Leaders now offers online auctions!
Buying at auction isn’t just for investors and cash buyers. Leaders’ online auction platform means that buyers have 28 – 56 days between exchange and completion, so there’s usually plenty of time to purchase your new property with residential auction finance.
Our online auctions offer buyers a swift purchase without the pressure and swift turnarounds associated with traditional room auctions. By combining the auction bidding process with the very best elements of a regular estate agent sale, online auction buyers can benefit from a secure and transparent sales process and are able to bid live from their computer or mobile device.
Select from the drop down to check properties available within the area:
A guide to buying property at auction
Register to receive the latest auctions catalogue and be amongst the first to see all future auction lots. The catalogue also contains all the information you need for auction day.
Block viewings are made available for our properties, so you simply need to turn up at the allotted time – please don’t be late as this will limit your viewing time!
Before bidding at the auction, we advise that you thoroughly satisfy yourself by reading the legal pack and consulting with a solicitor or licenced conveyancer.
Pre-registration is required ahead of the auction date in order to comply with Money Laundering Regulations 2017. Please fill in the registration form or email us for further information.
Our auctions start at 1:30pm at Green Park Conference Centre, Reading. If you are the successful buyer of a property, you will need to pay 10% deposit of the sale price and a buyers charge. You also need to provide your proof of identity.
If you are the highest bidder and the reserve price has been met at the fall of the gavel, contracts are exchanged. You will then sign a sale memorandum and pay the 10% non-refundable deposit and the buyers charge.
Completion normally takes place just 20 working days (4 weeks) after the auction as per the special conditions of sale, when the balance of the purchase price is paid.
Why not attend our next property auction?
Our auction room is located at the Conference Centre, 100 Longwater Avenue, Green Park – just off junction 11 of the M4 at Reading.
Situated within attractive landscaped grounds, there is free car parking on site and facilities including a restaurant serving drinks, snacks and hot meals.
100 Longwater Avenue
Green Park
Reading
RG2 6GP
Meet your auction experts
Simon Clayton
Manager and Auctioneer
Simon has worked in the property industry for over 30 years and is a qualified member of the National Association of Valuers and Auctioneers.
Gareth Bell
Auctioneer
Gareth has worked in the property industry for over 25 years. For over 15 years he has worked as an auctioneer overseeing residential and commercial disposals.
Daniel Gale
Surveyor
Daniel has worked in the property industry since 2006. He has experience in residential and commercial property.
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