FAQs

Whether you have queries relating to property auctions or you're finding lease contracts difficult to understand, our Frequently Asked Questions section is designed to shed more light on common questions.

Buying property

What is the procedure when buying property at auction?

As part of the bidding registration process, we require a pre-authorised bidding deposit.

The term 'pre-authorisation' means a hold is placed on funds in your account to the value of...

Read more

Are auction bids legally binding?

At online auction, the winning bid becomes a legally binding contract soon as the auction ends. This is why property auctions offer unparalleled for property sale speed and bother...

Read more

Is it worth buying property at auction?

Purchasing property can be a very worthwhile investment. If you do your research before, set yourself clear financial limits and commit to them, then you’ll find that you have...

Read more

Can you buy a house at auction?

Property auctions don’t just sell commercial properties. At Pugh we regularly list terraced houses, city centre apartments, and detached homes perfect for first time buyers – to name only...

Read more

What is the procedure when buying property at an online auction?

To buy property at an online auction you simply need to follow these steps: create an account, register to bid, complete identity checks, complete fund authentication, pre-authorise that we’re...

Read more

Can you view an auction property prior to auction?

In most cases, it can be arranged for interested parties to view properties due to be auctioned before the auction date. These are often block viewings at a set...

Read more

How do I sell a property at auction?

Selling property at auction is a straightforward process. Simply decide when you want to sell, book a free property appraisal for expert valuation advice, agree on a guide...

Read more

Are auction properties cash only?

No, quite the opposite. Online property auctions are done entirely online, so that means no physical cash is exchanged. As long as you have the finances to commit to...

Read more

Are auction houses regulated?

The UK’s leading auction houses, including Pugh, are regulated by RICS (Royal Institute of Chartered Surveyors). This means that auctions follow a regulated set of professional guidance, making them...

Read more

What is an Addendum in the auction catalogue?

The Addendum represents any amendments or additions to the pre-printed information in the catalogue. The Addendum can be updated right up to the start of the auction, so it...

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Why has a lot been withdrawn before auction day?

From time to time, lots are sold or withdrawn prior to the auction. It is recommended to check the website regularly to see if there have been any changes...

Read more

What is a reserve price?

The Reserve Price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not commonly disclosed and remains...

Read more

What is a guide price?

The guide price is an indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in...

Read more

Can you buy an auction property before the auction?

If you are interested in a specific lot, you can also make an offer before the auction which will be passed to the vendor for consideration. Any lots that...

Read more

How do I register to bid in an online auction?

You must first create an account to register to bid at Pugh’s online auction. You can do this using the button in our header, we just need to collect...

Read more

Selling property

What is the procedure when buying property at auction?

As part of the bidding registration process, we require a pre-authorised bidding deposit.

The term 'pre-authorisation' means a hold is placed on funds in your account to the value of...

Read more

Are auction bids legally binding?

At online auction, the winning bid becomes a legally binding contract soon as the auction ends. This is why property auctions offer unparalleled for property sale speed and bother...

Read more

Is it worth buying property at auction?

Purchasing property can be a very worthwhile investment. If you do your research before, set yourself clear financial limits and commit to them, then you’ll find that you have...

Read more

Can you buy a house at auction?

Property auctions don’t just sell commercial properties. At Pugh we regularly list terraced houses, city centre apartments, and detached homes perfect for first time buyers – to name only...

Read more

What is the procedure when buying property at an online auction?

To buy property at an online auction you simply need to follow these steps: create an account, register to bid, complete identity checks, complete fund authentication, pre-authorise that we’re...

Read more

Can you view an auction property prior to auction?

In most cases, it can be arranged for interested parties to view properties due to be auctioned before the auction date. These are often block viewings at a set...

Read more

How do I sell a property at auction?

Selling property at auction is a straightforward process. Simply decide when you want to sell, book a free property appraisal for expert valuation advice, agree on a guide...

Read more

Are auction properties cash only?

No, quite the opposite. Online property auctions are done entirely online, so that means no physical cash is exchanged. As long as you have the finances to commit to...

Read more

Are auction houses regulated?

The UK’s leading auction houses, including Pugh, are regulated by RICS (Royal Institute of Chartered Surveyors). This means that auctions follow a regulated set of professional guidance, making them...

Read more

What is an Addendum in the auction catalogue?

The Addendum represents any amendments or additions to the pre-printed information in the catalogue. The Addendum can be updated right up to the start of the auction, so it...

Read more

Why has a lot been withdrawn before auction day?

From time to time, lots are sold or withdrawn prior to the auction. It is recommended to check the website regularly to see if there have been any changes...

Read more

What is a reserve price?

The Reserve Price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not commonly disclosed and remains...

Read more

What is a guide price?

The guide price is an indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in...

Read more

Can you buy an auction property before the auction?

If you are interested in a specific lot, you can also make an offer before the auction which will be passed to the vendor for consideration. Any lots that...

Read more

How do I register to bid in an online auction?

You must first create an account to register to bid at Pugh’s online auction. You can do this using the button in our header, we just need to collect...

Read more

Auctions

What is the procedure when buying property at auction?

As part of the bidding registration process, we require a pre-authorised bidding deposit.

The term 'pre-authorisation' means a hold is placed on funds in your account to the value of...

Read more

Are auction bids legally binding?

At online auction, the winning bid becomes a legally binding contract soon as the auction ends. This is why property auctions offer unparalleled for property sale speed and bother...

Read more

Is it worth buying property at auction?

Purchasing property can be a very worthwhile investment. If you do your research before, set yourself clear financial limits and commit to them, then you’ll find that you have...

Read more

Can you buy a house at auction?

Property auctions don’t just sell commercial properties. At Pugh we regularly list terraced houses, city centre apartments, and detached homes perfect for first time buyers – to name only...

Read more

What is the procedure when buying property at an online auction?

To buy property at an online auction you simply need to follow these steps: create an account, register to bid, complete identity checks, complete fund authentication, pre-authorise that we’re...

Read more

Can you view an auction property prior to auction?

In most cases, it can be arranged for interested parties to view properties due to be auctioned before the auction date. These are often block viewings at a set...

Read more

How do I sell a property at auction?

Selling property at auction is a straightforward process. Simply decide when you want to sell, book a free property appraisal for expert valuation advice, agree on a guide...

Read more

Are auction properties cash only?

No, quite the opposite. Online property auctions are done entirely online, so that means no physical cash is exchanged. As long as you have the finances to commit to...

Read more

Are auction houses regulated?

The UK’s leading auction houses, including Pugh, are regulated by RICS (Royal Institute of Chartered Surveyors). This means that auctions follow a regulated set of professional guidance, making them...

Read more

What is an Addendum in the auction catalogue?

The Addendum represents any amendments or additions to the pre-printed information in the catalogue. The Addendum can be updated right up to the start of the auction, so it...

Read more

Why has a lot been withdrawn before auction day?

From time to time, lots are sold or withdrawn prior to the auction. It is recommended to check the website regularly to see if there have been any changes...

Read more

What is a reserve price?

The Reserve Price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not commonly disclosed and remains...

Read more

What is a guide price?

The guide price is an indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in...

Read more

Can you buy an auction property before the auction?

If you are interested in a specific lot, you can also make an offer before the auction which will be passed to the vendor for consideration. Any lots that...

Read more

How do I register to bid in an online auction?

You must first create an account to register to bid at Pugh’s online auction. You can do this using the button in our header, we just need to collect...

Read more