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?
Paul Fosh run online traditional property auctions which tend to run every 4 to 5 weeks.
With traditional auctions, a non-refundable 10% deposit is paid, and contracts are exchanged immediately. The buyer must then complete within the agreed completion period, which tends to be 28 calendar 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).
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 28 days. During this time, Paul Fosh 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.
If the property is still unsold after those 28 days, you’re released from the contract and can move on.
Commission will be payable to Paul Fosh if the lot is sold by any means from the date of signing the contract up until the expiry of 28 days following the auction, or where a buyer has been introduced to you by Paul Fosh during the exclusivity period.
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.
Paul Fosh will advertise your property on their website and in their catalogue, as well as Rightmove, Zoopla and OnTheMarket and other dedicated property websites and auction portals.
Paul Fosh will also send your property details to their database of buyers and will advertise the property on their social media channels.
How do they get property photos?
A member of the auction team will take temporary photographs initially when viewing the property.
If you are happy to proceed, a professional photographer will attend and take photographs for the listing.
Will your listings include a floor plan and video walkthrough?
A 360 tour, ‘dollhouse’ and floor plan are all included in your listing.
Paul Fosh will organise accompanied viewings on your behalf and usually carry out three open house viewings days in the run up to auction. Viewing dates and times are displayed on their website for each lot.
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 the valuation.
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. It extends for an additional 28 days 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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Showing upcoming auction events.
- 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)
