Tip: I only ever recommend dealing with auction houses who are NAEA-protected, NAVA-protected, and are members of the Property Ombudsman.
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Tip: If you’re selling your house at auction it’s a good idea to look for an auction house with a strong focus on your area.
- Free referral to my #1 Leading Auction House in your area.
(Take the guesswork + time out of choosing who to use) - Free valuation + all your auction questions answered...
(by experienced auction experts I know and trust) - And if you decide to sell... enjoy Preferential Rates
(Exclusive discounts for Home Selling Expert readers)
We break performance into 3 key parts: Market Share, Succes Rate, and Customer Satisfaction.
Market Share
Tip: When you’re deciding which auction house to sell with, a larger market share can mean a safer bet.
Don't rule out smaller auction houses though. Your experience with a company ultimately comes down to the person you deal with there, rather than the size of the company. Read more here.
Success Rate
Tip: A higher success rate usually means an auction house is more realistic with their valuations, are less likely to take on customers with unrealistic expectations, and may be more efficient at generating interest and bids from buyers.
Reviews
Tip: Review scores are important to consider, but it’s important know what customers are actually saying as well. We outline the overall themes of their reviews further down this page.
Commission Fee
Buyer's Premium
Tip: Buying at auction? More than 25% of buyers get caught out by unexpected fees. Don't be one of them. Download our free checklist and learn where to spot hidden auction fees.
Other Fees For Sellers
- Free referral to my #1 Leading Auction House in your area.
(Take the guesswork + time out of choosing who to use) - Free valuation + all your auction questions answered...
(by experienced auction experts I know and trust) - And if you decide to sell... enjoy Preferential Rates
(Exclusive discounts for Home Selling Expert readers)
Good things people say (Pros)
What can be improved (Cons)
What types of auction do they run?
Venmore Auctions run seven online traditional property auctions per year which tend to run every 6 to 8 weeks.
With traditional auctions, a 10% deposit is paid and contracts are exchanged immediately. The buyer must then complete within the agreed completion period, which tends to be 28 days.
What happens on auction day?
The auction will be held online, where you will be able to see the number of people viewing your property and watch the bidding unfold in real time.
If the property reaches the agreed reserve price, then the lot will be sold with an immediate exchange of contracts. The buyer will have to pay a 10% deposit immediately and must complete within the agreed completion period (which is usually 28 days), or risk losing their deposit.
What happens if your property doesn't sell at auction?
If the property fails to sell at auction your contract will automatically extend for an additional 4 weeks. During this time, Venmore Auctions will try and tie up a post-auction sale for you.
You can also enter the lot into the next available auction at no additional cost, subject to a reappraisal by the Auction Director.
If the property is still unsold after those 4 weeks, you’re released from the contract and can move on.
We're adding more information all the time. Check back soon, or contact us right now for advice. Hit one of those big buttons to get started.
Venmore Auctions will advertise your property in their full colour catalogue, as well as Rightmove and other dedicated property websites. You will also receive an auction board to put up outside your property.
Venmore Auctions will also send your property details to their email database of over 30,000 buyers.
The advertising process is carried out over a period of 4-6 weeks prior to the auction date to ensure your lot is visible and available to all potential buyers.
How do they get property photos?
A member of the auction team will either take the photographs when visiting the property to carry out the valuation or can arrange another time to suit you.
Will your listings include a floor plan and video walkthrough?
The listing will include a video tour but will not include a floor plan.
A member of the auction team will carry out viewings on your behalf. They will usually arrange for two block viewings to take place prior to auction, but this can be increased if needed.
If the property is vacant, you can supply them with a set of keys, and they will carry out all viewings at no extra cost.
We're adding more information all the time. Check back soon, or contact us right now for advice. Hit one of those big buttons to get started.
A member of the auction team will meet you at the property to carry out a 100% free auction appraisal.
They will then work with you to come up with a reserve price that you are happy with, and you can then decide whether you’d like to move forward.
The contract runs up until the auction date (usually around 4-6 weeks away). It extends for an additional 4 weeks if the property fails to sell.
We're adding more information all the time. Check back soon, or contact us right now for advice. Hit one of those big buttons to get started.
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(Take the guesswork + time out of choosing who to use) - Free valuation + all your auction questions answered...
(by experienced auction experts I know and trust) - And if you decide to sell... enjoy Preferential Rates
(Exclusive discounts for Home Selling Expert readers)
