Bidding at Cheffins’ Property Auctions is straightforward. There are three methods for you to choose from:
- Online: you can view the auction live and bid from the comfort of your own home
- Proxy bid: you instruct the auctioneer prior to the auction to bid on your behalf up to a maximum bid
- Telephone: one of our auction team will call you live from the auction room and take instruction to bid on your behalf
In order to be able to bid, we require some administration to be completed by you:
Before the auction
- You must register your preferred method of bidding with the auction team at least 48 hours before the auction starts. You can do this by emailing us at email@example.com or by calling us – 01223 213777.
- Once you have notified us of your intention to bid we will send you the appropriate registration form which must be returned to us and processed, and you will be required to lodge a deposit before the day of auction.
- We will also ask you to verify your identity by providing us with copies of personal documents such as a passport, driving licence, bank statement, utility bill etc.
Please note that we cannot authorise your bid until we have your completed registration forms and personal identification documents.
On auction day
Bidding online: before the auction you will be sent an email from the Essential Information Group property auction portal https://www.eigpropertyauctions.co.uk/ containing a link to the auction and providing you with a unique Bidding PIN. EIG is the platform on which our live webcast auctions and timed online property auctions are hosted. We recommend that you have a stable internet connection. You will be able to see a live feed of the auction room and be able to place your bid on the properties of interest to you in real time.
Telephone bidding: please ensure that the contact number you have provided to us has a good signal and that you are freely contactable for the duration of the auction. A member of the Cheffins auction team will contact you a few minutes before the bidding starts on the relevant Lot. Your allocated Cheffins bidder will then relay the bids to you in real time and take instruction from you as to how much you want to bid.
If you are successful in securing your chosen property, the deposit that you have lodged with the auctioneer before the auction will be used to pay the 10% deposit (subject to a minimum of £3,000), and contracts are signed by the auctioneer to finalise the exchange of contracts. The sale will then complete 28 days later. The deposits of unsuccessful bidders are returned in full immediately after the auction.