With Whoobid Property Auctions buyers pay the fees. The only upfront cost to a seller is our auction administration fee of £299 (inc. VAT).

You’ll also need a solicitor to produce the auction legal pack. If you use your own solicitor, they may charge for the preparation of this pack. However, if you choose our affiliated solicitor, the auction pack is produced free of charge.

As with any property sale, there will also be solicitor’s fees for handling the conveyancing process. These are comparable to the costs of a standard sale and are usually paid upon completion rather than in advance.

Yes. Selling a tenanted property at auction is often a smart option, as many investors are actively looking for buy-to-let opportunities. A property with reliable tenants already in place can be highly attractive to buyers who want immediate rental income from day one.

At Whoobid, we regularly sell tenanted flats, houses and commercial properties, giving landlords a fast and secure route to sale while ensuring the tenancy continues smoothly under the new owner.

Not at all. While auctions can be a good route for selling repossessed or renovation properties, they are also widely used by homeowners looking for a faster and more secure way to sell.

Auctions attract a wide range of motivated buyers, which means you don’t need to have a “problem property” to benefit from the process.

The main difference is in the timescales for exchange and completion.

• Traditional Auction
  Exchange of contracts happens immediately when the hammer falls.
  Completion takes place within 28 days.
  Best suited to cash buyers and those ready to move quickly.

• Modern Method of Auction
  The winning bidder pays a reservation fee when the hammer falls.
  They then have up to 28 days to exchange contracts, and a further 28 days to complete.
  This gives mortgage buyers more time to arrange finance, widening the pool of potential buyers.

At Whoobid, we’ll advise on the best method for your property and circumstances. Both provide speed, transparency and security compared to private treaty sales, with the Modern Method offering more flexibility for buyers and the Traditional Method delivering a faster, fixed turnaround.

Yes. When selling at auction with Whoobid, you set a reserve price before the property is listed. This is the minimum figure you are willing to accept, and your property will not sell for less than this amount.

The reserve price gives you full control and peace of mind, while still allowing competitive bidding to drive the final sale price higher

Yes. Selling an inherited or probate property at auction is often one of the quickest and most straightforward ways to achieve a secure sale. Auctions provide full transparency for all parties involved in the probate process and help avoid the lengthy delays that are common with private treaty sales.

What many sellers do not realise is that property trader buyers can benefit from Stamp Duty Land Tax (SDLT) relief when purchasing probate properties. This makes probate homes particularly attractive at auction, often leading to stronger competition between buyers and higher final sale prices.

No, there is a common misconception that selling at auction means letting your property go cheaply.

In reality, auctions are often chosen because the process is much quicker, more transparent and more secure than selling via private treaty. This makes them an excellent option for sellers who want speed and certainty, over achieving the best price but not exclusively so.

The competitive nature of the bidding can push the final sale price higher than expected, with many properties achieving strong market values.