Questions about selling at auction?

Some properties use a 10-day bidding period, followed by the legal process. The actual completion date depends on the sale method, contract and circumstances.

Henry Sykes offers a no-upfront-cost route for eligible properties. Please ask for the written terms and a full explanation of fees and potential legal costs before proceeding.

A reserve is the minimum price agreed with the auctioneer at which the property may be sold, subject to the auction conditions. We will discuss a suitable reserve with you before marketing.

Although some auction sales become legally binding when contracts are exchanged, a sale can still fail in certain circumstances. Your solicitor can explain the commitment point and relevant conditions.

Yes. You may normally choose your own solicitor. Speak to them early so the legal pack, paperwork and timetable are understood.

Discuss the next steps with Henry Sykes. You may be able to remarket, enter another auction or consider an alternative route. Check the written terms for any applicable costs.

Yes. In many cases a property can be sold subject to its existing tenancy, with the buyer becoming the landlord. The tenancy agreement and legal circumstances will determine the details.

Rent arrears do not automatically prevent a sale. They should be disclosed accurately so buyers can assess the financial and legal position.

It may still be possible. Discuss access rights, the tenancy and any practical restrictions with the team so the marketing can be planned responsibly.

The existing tenancy would ordinarily continue, and the purchaser would generally take over the landlord’s rights and responsibilities. Ask your solicitor for advice on the specific tenancy.

Often, yes. Auction can attract buyers looking for homes in a range of conditions, including properties that need improvement.

Yes. We can discuss marketing an inherited property. Your solicitor can confirm whether probate or other documentation is required before exchange or completion.

Not necessarily before an initial conversation. We can discuss any belongings left behind, access and how the property should be marketed.

We can discuss practical arrangements for access and viewings, including using a trusted key holder where suitable.

Potentially. Known defects should be disclosed so that buyers can investigate the condition, obtain professional advice and understand the risks.

Short-lease properties can appeal to specialist buyers. The remaining lease term and other legal information should be made clear before bidding.

Not always. We can discuss the options for offering it in its current condition and any information buyers are likely to need.

Tell us what happened and share any relevant survey or legal information. That will help us assess the most appropriate way to market the property.