Taylor James Property Auctions: An Insider's Look [2022]

About Performance Fees Reviews How do they work?Auction Events

FAQs

About Performance Fees Reviews How do they work?Auction Events

FAQs

About Taylor James Property Auctions

Taylor James are a mid-size, national auction house based in Birmingham. They were established on Jul 08, 2020.

They're members of the following organisations:

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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Where do Taylor James Property Auctions cover?

Taylor James are a national auction house focused on the North West.

South Yorkshire is their biggest county. They've auctioned 49 properties here in the last 12 months, accounting for 12% of their business.

Taylor James Property Auctions are a national auction house. North West is the biggest region for them.

They've auctioned 105 properties here in the last 12 months, accounting for 26% of their business.

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.

What types of properties do Taylor James auction?

Taylor James mainly focus on selling residential properties, which account for 90% of their listings.

Taylor James Property Auctions mainly focus on selling land, which accounts for 90% of their listings.

They also have a strong presence in selling land property, which accounts for 5% of their listings.

They also have a strong presence in selling land, which accounts for 5% of their listings.

What price range do Taylor James specialise in?

For residential sales, their average selling price is £62000.

This is lower than the national average of £717968, which means they generally cater to the lower end of the market, or focus on regions where property prices are generally cheaper.

This is lower than the national average of £717968, which means they generally cater to the upper end of the market, or focus on regions where property prices are more expensive.

This is lower than the national average of £717968. This either means they don't have a particularly strong focus on the upper or lower end of the market, or means that they focus on regions where property prices are in line with the national average.

£1 – £100k

91%

£100k – £250k

£250k – £500k

£500k – £1m

£1m +

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Are Taylor James
Right For You?

Find the right auction house for your property sale.

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)

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Taylor James Auction Performance

We break performance into 3 key parts: Market Share, Succes Rate, and Customer Satisfaction.

Success Rate

Auction houses don't sell every property they take on. The success rate is the percentage of their properties they successfully manage to sell.

95%

Taylor James have the #1 highest success rate among auction houses in England & Wales.

Taylor James have the 1 highest success rate among auction houses in England & Wales.

They successfully sell 95% of the properties they list, which is higher than the national average of 48%.

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

27 Reviews

27 Review

Taylor James Property Auctions have been reviewed 27 times in the last 12 months, with an average score of 2.8/5. Read more about their reviews here.

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.

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Taylor James Auction Fees

+ vat

Taylor James charge a standard auction commission fee of 1% + vat.

+ vat

The auction fee Taylor James charge depends on the selling price. They charge:

1% + vat on properties up to £.
% + vat on properties up to £.
% + vat on properties above £.

1% + vat on properties up to £.
% + vat on properties above that.

Commission Fee

This is the main fee for the service. It's either paid by the buyer, or directly from the sale proceeds, so sellers never have to pay this fee out-of-pocket.

Who pays the commission fee?

The commission fee is paid by the Seller.

Is there a minimum fee?

The commission fee is subject to a minimum of £1500 + vat.

Tip: Although the buyer pays the fee with Taylor James, sellers shouldn't think of it as a "free service" for them. Whatever additional fees the buyer has to account for will ultimately reduce what they'll be willing to bid for a property, reducing the amount the seller ends up with.

Tip: Although the buyer pays the fee with some other auction houses, you shouldn't necessarily think of those as "cheaper than" Taylor James, who charge the sellers the fee. This is because whatever additional fees the buyer has to account for will ultimately reduce what they'll be willing to bid for a property.

Buyer's Premium

Auction houses often charge the successful bidder an additional fee, called a "Buyer's Premium".

Are buyers also charged a fee?

Buyers pay an admin fee of % + vat, subject to a minimum of £1000 + vat.

Buyers pay an admin fee of £1000 + vat.

Are buyers charged an additional fee on top of the commission?

Buyers pay an additional "buyer's premium" of % + vat, subject to a minimum of £1000 + vat.

Buyers pay an additional "buyer's premium" of £1000 + vat.

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

We've done our best to uncover additional fees charged by Taylor James. These can change over time though, so always be careful to check the paperwork closely.

Are there auction entry fees?

Sellers pay an up-front auction entry fee of £400 + vat. This is non-refundable, even if the property fails to sell at auction.

Taylor James Property Auctions do not charge auction entry fees. Most auction houses charge around £300.

Do they charge withdrawal fees if you change your mind?

Are there any hidden costs or other fees?

What about legal costs?

Remember that you’ll always have legal fees to pay too. These are separate to the auction fees, and Taylor James Property Auctions don’t have any control over these.

Auction legal fees come in two parts: An up-front element for the legal pack, and the final legal fee, which is paid on completion of your sale.

Tip: No auction entry fees with the auction houses we recommend. Many auction houses willing to negotiate on this.

free AUCTION valuation

Are Taylor James
Right For You?

Find the right auction house for your property sale.

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)

Would you like some free expert advice? 👇

I'm selling →I'm buying →

Free expert advice and guidance for buyers and sellers

Taylor James Reviews

0/5 out of 0 reviews

2.8/5 out of 27 reviews

0/5 out of 0 reviews

Good things people say (Pros)

What can be improved (Cons)

How Taylor James work

Taylor James auction process

What types of auction do they run?

Taylor James Auctions run online traditional property auctions which tend to run every 5 to 6 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 20 working 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 20 working 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 4 weeks. During this time, Taylor James 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.

If the property is still unsold after those 4 weeks, you’re released from the contract and can move on.

Commission will be payable to Taylor James Auctions if the lot is sold by any means from the date of signing the contract up until the expiry of 4 weeks following the auction, or where a buyer has been introduced to you by Taylor James Auctions during the exclusivity period.

More info coming soon!

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How Taylor James market your property

How will Taylor James advertise your property?

Taylor James Auctions will advertise your property in their full colour catalogue, as well as Rightmove, Zoopla and other dedicated property websites and auction portals.

Taylor James Auctions will also send your property details to their email database of over 20,000 buyers.

The advertising process is carried out over a period of 3 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 viewing agent will visit the property and take photographs.

Will your listings include a floor plan and video walkthrough?

Video tours and floor plans are not included as standard, but a video tour can be arranged if required.

How do Taylor James conduct viewings?

A viewing agent will carry out viewings on your behalf. They carry out open viewings and display viewing dates and times on their website for each lot.

More info coming soon!

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.