We operate traditional ‘Unconditional’ property auctions. This means that on the fall of the hammer the winning bidder pays a 10% deposit (subject to a minimum of £4,200) and exchanges contracts immediately. The buyer is then legally bound to purchase and the seller is legally bound to sell. Completion must then happens within 28 days of the auction.

We operate a strict no sale – no fee policy and there are no upfront or auction entry costs, no tie-in periods and no withdrawal fees.

This eliminates all risk for the seller and further security is provided by a ‘reserve’ price, which ensures a property cannot be sold below a certain amount at auction.

Key Benefits of Selling with A&G at Auction:

  • Experience - Over 180 years operating as a leading Auction House.
  • 100% Success - We have maintained a 100% track record of success with every property we have taken to auction
  • No Risk - We operate a strict no sale – no fee policy and there are no up-front or auction entry costs, no tie-in periods and no withdrawal fees. You only pay our fee when the property is sold.
  • Maximise Sale Price - Achieving the maximum price is key. Strategic marketing and pricing ensures the correct momentum and energy in each sale and encourages open and direct competition amongst buyers, resulting in the best price being achieved.
  • Access to Specific Purchasers - Auction will usually attract a variety of buyers who are able to move quickly on a purchase. A&G property auctions are designed to accommodate both private residential buyers as well as appealing to cash-ready buyers and experienced or savvy investment buyers. Our established database of these types of buyers allows you immediate access to ready and able purchasers and our block viewings help in heightening interest.
  • Speed of Sale - An auction provides a guaranteed 28-day deadline for the sale to operate within.
  • Price Control - A reserve price is set prior to sale to ensure that the property cannot be sold below that specific figure.
  • Fixed Sale Price (No Re-negotiations) - On the fall of the hammer the sales price is set and is then non-negotiable. Selling by private treaty often results in an extended conveyance phase, with no legal commitment for either party and purchasers can often renegotiate an agreed sale price after survey, and in the worst scenario even withdrawing from the sale. In the current market, “gazundering” is becoming more apparent and this is a situation where a buyer, a few days before the move, calls the Estate Agent and advises that unless the seller is willing to reduce the price, they will pull out of the sale.
  • Security - The successful buyer places a non-returnable financial deposit and exchanges contracts immediately. Each buyer must register to bid, which includes providing evidence that they have the available funds to purchase and also complete within 28 days. By registering, each buyer also confirms their agreement to be bound by these auction terms.