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Selling land at auction

Three reasons: Maximum price, speed and security.

Price – You are in full control at all times. From the reserve price to the guide price, we are here only to advise. Setting an attractive guide price instills the engagement of potential buyers. The competitive atmosphere and the variety of bidders from different sources will push up the price organically. If a property is suitable for auction- expect the sale price to reflect that.

Speed – Land Auctions are best known for selling with speed. On the fall of the gavel contracts are exchanged and completion usually 28 days after, unless special conditions apply. By following our advice and pricing the property at a keen and attractive level you can be sure of a quick sale and sometimes even a pre-auction sale.

Security – Imagine a sale with no possible fall throughs. Once the gavel falls the buyer and seller are legally bound to the sale and contracts are exchanged. Neither party can pull out. Not only this, this method of sale eliminates any long negotiation processes and seller chains.

Selling land at auction can be advantageous for several reasons. It often results in a quicker sale compared to traditional methods. Auctions create a competitive bidding environment, potentially driving up the sale price. Additionally, auctions provide a transparent process where the highest bid wins, reducing prolonged negotiations. Sales at auction are legally binding, reducing the risk of fall throughs.

Selling land at auction involves listing the property with an auction house, which then markets the land to potential buyers. The auction process is typically fast-paced and transparent. On the day of the auction, bidders compete against each other, and the land is sold to the highest bidder, provided the reserve price (if any) is met. Auctions offer a quick sale process, often completing within 28 days.
Selling land at auction involves several steps. First, choose an auction company with experience in land sales. Next, agree on the auction terms, including reserve price and auction date. The auction company will market the property to potential buyers. On auction day, the land is sold to the highest bidder, provided the reserve price is met. The auction company typically handles the closing process, ensuring all legal and financial aspects are completed.

Yes. Selling at auction always means you will get the true value of any property. You are in full control at all times. From the reserve price to the guide price. Setting an attractive guide price instils the engagement of potential buyers. The competitive atmosphere and the variety of bidders from different sources will push up the price organically. If a property is suitable for auction- expect the sale price to reflect that.

The value of land is determined by factors such as its location, size, zoning, accessibility, and potential for development. Comparable sales (comps) in the area, market demand, and current economic conditions also play significant roles. Hiring a professional appraiser can provide an accurate valuation based on these considerations. Book a free land valuation today to find out how much your land is worth.

The main types of land include residential land, commercial land, agricultural land, industrial land, and recreational land. Residential land is designated for housing and living spaces. Commercial land is used for business activities such as retail stores, offices, and hotels. Agricultural land is used for farming and livestock. Industrial land is allocated for factories, warehouses, and other industrial activities. Recreational land includes parks, playgrounds, and other leisure spaces.
To prepare your land for auction, ensure it is clean and accessible. Gather all necessary documentation, such as deeds, zoning information, and any environmental reports. Clear any legal or financial encumbrances. Provide detailed information about the land’s features and potential uses to the auctioneer for marketing purposes. A well-prepared property is more likely to attract serious buyers and achieve a higher sale price.
Several factors can impact the success of a land auction. The location of the land is crucial; desirable locations attract more buyers. Market conditions also play a significant role, as the state of the real estate market can affect buyer interest and pricing. The condition of the property is important; well-maintained land is generally more appealing. Effective marketing efforts are essential to draw more potential bidders. Finally, setting a realistic reserve price can encourage bidding and reduce the risk of the property not selling.

In the weeks approaching the auction we advertise weekly in regional newspapers and property supplements. Each property will also enjoy maximum exposure by being displayed on internet websites 24 hours-a-day, 7 days-a-week, 52 weeks-a-year. The internet also offers potential buyers the opportunity to print colour brochures or to contact the office directly to organise viewings or arrange details to be sent out in the post.

All of the following websites are uploaded to and updated on a daily basis:

www.connectukauctions.co.uk
www.eigpropertyauctions.co.uk
www.rightmove.co.uk
www.zoopla.co.uk
www.nethouseprices.com
www.onedome.com
www.addland.com
www.thelandsite.co.uk
www.facebook.com
www.youtube.com
www.linkedin.com
www.instagram.com
www.twitter.com

Where possible, we will also create a virtual tour of your property to be uploaded to our website and socials. 

Land with planning permission has received official approval from the local planning authority to be developed or altered in a specific way. This could include building residential or commercial properties, or changing the land’s use. Land without planning permission has not received this approval, meaning any intended development or change of use is not yet permitted and would require a formal application process to obtain the necessary permissions. 

Land with planning permission typically has a higher value compared to land without it. This is because obtaining planning permission can be a lengthy, uncertain, and costly process. Buyers are often willing to pay a premium for land where the potential for development has already been secured, reducing their risk and time investment.

Yes, land without planning permission can be sold at auction. It can attract a different pool of buyers, such as those interested in speculative investments or those willing to take on the planning application process. The lack of planning permission may also impact the final sale price, potentially making it lower than if the land had planning permission. 

To make land without planning permission more attractive to buyers, consider conducting preliminary studies or surveys to demonstrate the land’s potential for development. Engaging in a pre-application consultation with the local planning authority and sharing the feedback can also be beneficial. Additionally, providing clear information about the local planning policies and any potential for future development can help buyers make informed decisions.

You are in full control at all times. From the reserve price to the guide price, we are here only to advise. Setting an attractive guide price instils the engagement of potential buyers. The competitive atmosphere and the variety of bidders from different sources will push up the price organically

By agreement with the seller, a reserve is set and can be altered only with the seller’s consent. The auction representative will keep the seller informed at all times along the process as to any pre-auction offers and general interest leading up to the auction itself.
Everyone and anyone can, especially with our innovative ‘Connect Realtime®’ platform. Our traditional, live and interactive auctions can be accessed using any device, from anywhere in the world.
Once your land has sold at or above your reserve price, exchange takes place and we will request the deposit from the buyer which is accounted to your solicitor. The deposit is set at 5% of the purchase price and subject to a minimum of £5,500.

Book your free auction valuation now now or call 0800 448 0100 (Freephone)

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    Bidding registration deposit

    The bidding registration deposit is required in order to be approved for bidding. The amount is £2,400 per lot and is deducted from your deposit upon exchange, if you are the highest bidder. If you are not the highest bidder, the bidding registration deposit is refunded to you, in full.

    Bidding online

    Once you’ve been approved to bid, our registrations team will send your login details. On the day of the auction, click the ‘Live Auction’ button displayed on our homepage, login and start bidding. There will be a live video feed of our auctioneer and presenter, who’ll be talking through the lots, providing insightful tips and information.

    Bidding by telephone

    A Connect UK Auctions representative will call you prior and during the auction and place bids on your instruction. You will also be able to watch the live auction on our website via Connect Realtime®

    Bidding by proxy

    Here you will advise us of your maximum bid amount, and we’ll bid on your behalf up to this figure. We will always endeavour to secure the property for you, either at, or below your maximum bid amount, if possible. If another bidder exceeds your maximum bid amount, your proxy bid would end.

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