Your Property Auction Buying Guide
Online auction - it's easier than you think!
Buying a property at auction might seem a little different from the traditional way of purchasing a property, but with the right guidance, it’s straightforward, fast, and more transparent than many people expect. At Pattinson, we continuously help thousands of buyers successfully purchase property through auction, and we’re here to guide you every step of the way. Whether you’re a first-time buyer, an investor, or just exploring your options, this guide explains everything you need to know.
Why Buy at Auction?
- Hidden GemsDiscover unique homes, investment opportunities, and renovation projects you won’t find elsewhere.
- Clear & Fair ProcessReal-time, online bidding means everyone plays by the same rules, with no back-and-forth or hidden offers.
- Peace of MindWith a legally binding sale at the fall of the final bid, you avoid delays, gazumping, and broken chains.
- Fast CompletionMost auction purchases complete in as little as 28 days - ideal if you're looking to move quickly.
- Expert GuidanceWe’ll guide you through registration, bidding, and even help secure auction finance.
The Auction Buying Process
Step 1: Find a Property
Browse our available property auction sales on the Pattinson property search. Each listing includes detailed descriptions, photos, and a downloadable legal pack.
Tip: You can also filter by auction type, price range, and location to find properties that suit your goals.
Step 2: Do Your Research
Before placing a bid, you should:
• Read the legal pack (we recommend having a solicitor review it).
• Visit the property or view virtually where possible.
• Arrange a survey or valuation if you wish.
Need help interpreting the legal documents? Ask us, we can point you in the right direction.
Step 3: Arrange Finance Early
Auction purchases usually complete within 28 days, so our advice is to make sure your finances are in place before you bid.
We have a Financial Services team who work with trusted financial partners specialising in auction finance, including bridging loans and mortgages.
See our page on Financing an Auction Purchase for more information.
Step 4: Register to Bid
To bid, you'll need to register ahead of the auction and complete an ID verification process.
Don’t worry — we explain how this works on our Registering and Bidding page.
Step 5: Place Your Bid
Bidding takes place online, with live updates during the auction. If you’re the highest bidder and the reserve price is met, the virtual hammer will fall — and the sale becomes legally binding.
What Happens After You Win the Auction?
- You’ll pay a reservation fee or deposit (depending on the auction type).
- You’ll receive a memorandum of sale confirming the purchase.
- Completion usually takes place within 28 days.
- You will receive full support from our auction sales team throughout.
