A faster way to buy and sell property
Foxtons' property auctions are straightforward and user-friendly, offering another route for our sellers and buyers who want a quicker timeline.
Property auctions have been commonly associated with distressed properties. However, there are so many other reasons to consider a modern online auction. They are:
Fast
Accessible
Well-organised
Through our partnership with BidX1, the Foxtons Auction Property team have helped homeowners across the country fulfil their property aspirations, from detached family homes in Liverpool to luxury apartments in Chelsea.
London property auctions
Selling through Foxtons Auctions
Advantages of selling through an auction
London real estate auctions are commonly have been associated with distressed properties. However, there are so many other reasons to consider a modern property auction. Some of these benefits include:
Breathe easy with a faster sale: Our London-based property auctions take us an average of 71 days from instruction to exchange. If you have experienced a lengthy, drawn-out property sale in the past, you will appreciate the peace of mind a faster sale provides.
More buyers, better competition: Buyers can purchase through Foxtons Auctions whether they are buying with cash or on a mortgage. Foxtons and BidX1 buyers can all participate, so you have a wider range of applicants.
Best market price: Most Foxtons Auction properties for sale go above the marketed price. We will continually conduct viewings until the property exchanges, so you can see how much your property is worth in the current market.
No hidden fees: If you are selling with Foxtons Auctions, the costs are no different than the normal sales process. No surprise listing, removal or marketing fees.
How does the selling process work for house auctions?
Making a plan
The first step is to book a free auction appraisal.
Completing an Auction Pack
Instruct your solicitor to create an Auction Pack. This pack includes every document a buyer needs to make a firm decision quickly.
Viewings
We complete viewings as frequently as possible to attract the widest range of buyers to your property.
The auction begins
All buyers are pre-qualified and submit a buying deposit, so buyers and sellers are assured all bids are genuine.
Auction day
Your property is sold.
Buying through Foxtons Auctions
Advantages of buying a property at one of our London auction houses
Auction deals take half the time of a traditional property purchase, so there is a much higher chance that you can see your purchase completed without a hitch.
But speed is not the only advantage of Foxtons Auctions. Here are some of the main benefits:
Opportunity: We will introduce our sellers to auctions, so you have a much wider range of properties to choose from. In London and across the UK, we have everything from renovation projects and Victorian and Edwardian terraced family homes to luxury city flats available at our London auctions.
Better price: Typically, auction properties are priced to encourage a faster sale, so you can achieve excellent value for money.
Transparency: Whether you are a first-time buyer or a seasoned investor, we will ensure you can transact with confidence. You will have access to a complete Auction Pack of the property and all bids are public, empowering you to act when it is time to bid.
How does the buying process work with Foxtons Auctions?
Booking a viewing
If you see a property you would like, get in touch.
Place any pre-auctions bids
You can place a bid before the house auction.
Register on Bidx1
We will guide you through BidX1's easy registration process.
The auctions begins
You will see who is bidding, how much they bid, and when they bid so that you will not be competing against anonymous phone bids.
Contracts are exchanged on the winning bid
The contracts will be sent and you will have 20 days to complete the purchase.
Meet the team
Our team of experts are ready to answer all your questions and help you prepare for your chosen house or flat auction:
