Next Auction date: 30th July 2020

   

Next Auction – 30 July 2020 – online auction only

In accordance with the Covid-19 Regulations and Government guidance all lots will be sold by a timed auction via the online auction area of our website, until further notice.

All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy. Please click here for the registration form and email it to us at register@romans.co.uk.

In order to authorise you to bid we will require certified ID documents from a professional person including a bank or building society official, councillor, minister of religion, dentist, chartered accountant, solicitor or notary, teacher or lecturer, Leaders Romans Group employee, that contain the following:

  • A statement confirming “Certified to be a true copy of the original seen by me and a true likeness of the person”
  • Details of the person certifying and indication of professional status
  • A signature and date with a printed name
  • The occupation and address or telephone number of the person certifying

Our local branches are now open and will be able to certify your documents by prior appointment only.

If you haven’t already setup an account to bid online, please visit our online auctions page above and click on the lot you are interested in bidding for, then click “register to bid”

Bidding is made via your mobile device, laptop or desk top computer. The process is fully transparent and you will be able to see all of the bids placed in real time. Bidders are able to participate in the auction by choosing one of the following options;

  • Online live bidding
  • Live Telephone bidding
  • Proxy Bid

Live bids can be made without limitation. Proxy bids will be made by a member of the auction team on your behalf, up to the indicated maximum bid price.

For further information and advice Telephone: 01344 753120 or Email: auctions@romans.co.uk

 

A guide to buying property at auction

Auction prep

Step 1: Registration

Registration is required ahead of the auction date in order to comply with Money Laundering Regulations 2017. Please fill in the registration form and email to us register@romans.co.uk

online account

Step 2: Online account

Create an online account by going to the lot you are interested in and clicking on “Log in / register to bid”.  Follow the step by step process to complete your account to watch and bid on the Lot.

legal pack

Step 3: Legal pack

Before bidding at the auction, we advise that you thoroughly satisfy yourself by reading the legal pack and consulting with a solicitor or licensed conveyancer. You can download it by clicking on the lot you are interested in and using the link provided on the right.

viewings

Step 4: Viewings

Internal viewings will be permitted for bidders who have registered to bid online via our website. All confirmed viewings will be undertaken strictly by appointment only.

auction day

Step 5: Auction day

Our auctions start at 9.00 AM and the closing time for bids will vary for each lot. You will be required to setup an online account and submit your registration form before the auction to participate.

fall of gavel

Step 6: Fall of the gavel

Contracts are exchanged at the fall of the electronic gavel. Your card will be automatically debited for the bidder security amount of £5,000 and we will require the remaining balance for a 10% non-refundable deposit and a buyers charge of £950 plus VAT to be transferred.

completion

Step 7: Completion

Completion normally takes place just 20 working days (4 weeks) after the auction as per the special conditions of sale, when the remaining balance of the purchase price is paid.

Buying an auction property online is easy

If you thought buying at auction was only for investors and cash buyers think again, our online auction platform offers buyers 20 – 30 working day completion time so there is usually enough time to purchase with residential auction finance. 

Online auction offers buyers swift transactions without the pressure and very short timescales associated with a traditional auction. By combining the auction bidding process with the very best elements of a regular estate agent sale, buyers benefit from a secure, transparent sales process, and can bid live from your computer or mobile device. 

online auctions

Buying a property at auction

  • Every year thousands of people buy property at auction in the UK. Whether you’re a home buyer, investor, or developer the auction buying process is very simple and provides you with:

    • Fairness: All interested parties & buyers have an equal opportunity to bid.

    • Security: The contracts are exchanged on the day of the auction so there is no opportunity for gazumping

    • Speed: You can exchange contracts on a property in days and weeks rather than months

Attend one of our property auctions

Directions

Our sale room is located at the Conference Centre, 100 Longwater Avenue, Green Park - just off junction 11 of the M4 at Reading.

The Conference Centre is set within attractive landscaped grounds arranged around a picturesque lake and there is free car parking on site. Within the building there is a restaurant serving drinks, snacks and hot meals.

100 Longwater Avenue,
Green Park,
Reading,
RG2 6GP

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Meet your auction experts

Simon Clayton

Manager and Auctioneer

Simon has worked in the property industry for over 30 years and is a qualified member of the National Association of Valuers and Auctioneers.

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Gareth Bell

Auctioneer

Gareth has worked in the property industry for over 25 years. For over 15 years he has worked as an auctioneer overseeing residential and commercial disposals.

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Daniel Gale

Surveyor

Daniel has worked in the property industry since 2006. He has experience in residential and commercial property.

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This is one of the most frequently asked questions

Can you get a mortgage on auction properties?

This is one of the most frequently asked questions and is the element which often leads to the most confusion from buyers. Our Auctions Director Simon Clayton explains when you can and can’t use a mortgage to finance your ...

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