- At a traditional auction, you buy as it stands once the hammer falls.
- Get the survey, valuation and builders' quotes before the auction, not after.
- Check planning history, flood risk and the title plan before you go.
At a traditional auction you buy the property as it is once the hammer falls. There is no chance to renegotiate after a disappointing survey, so do your checks before you bid.
View it if you can
- Book a viewing through the auctioneer. Many lots have block viewings at set times.
- Take photos, measure up and compare boundaries and access with the HM Land Registry title plan.
- Look for signs of damp, roof problems and cracking, and check whether gas, electricity and water are connected.
- Visit the area at different times of day.
- Some lots, such as tenanted property, have limited or no internal access. Allow for that risk in your price.
Get professional advice
- A survey from a qualified surveyor tells you about condition. Choose a level that suits the property's age and state.
- A valuation helps you judge the price. If you are borrowing, your lender will want its own.
- If work is needed, get builders' quotes before the auction, not after.
Do your desk research
- Compare recent sold prices for similar property nearby.
- Search the council's planning register for past applications, refusals and enforcement, and check for listed building or conservation area status.
- Check flood risk on GOV.UK for property in England.
- For land, check access, rights of way and whether planning permission is realistic. Some land may never get permission.
- For tenanted lots, read the tenancy documents, rent and arrears in the legal pack.
Ask the auctioneer
- Why is it being sold at auction?
- Has the guide changed, and will the seller consider offers before the auction?
- Are there any known problems, such as subsidence, invasive plants or non-standard construction?
These checks cost time and money, and you may not win the lot. Many buyers accept that as part of the process. Ask a solicitor to review the legal pack alongside what your survey finds.
Sources
General information, not advice. Check with a solicitor or broker for your situation.