Auction Glossary and FAQ’s
A Quick Guide to Common Terms
Entering the world of property auctions can sometimes feel like entering a realm filled with unfamiliar jargon. From ‘Contract Documentation Fee’ to ‘Special Conditions of Sale’, understanding the terminology is crucial to making informed decisions. Our comprehensive glossary is designed to help you confidently navigate the auction process. Below, we’ve broken down the most common terms you will encounter throughout the auction process; we hope it helps!
Auction Glossary
The offer made by a potential buyer to purchase a property at auction.
The auctioneer typically determines the increments by which bids rise,
though bidders can suggest alternative amounts.
FAQ’s
The offer made by a potential buyer to purchase a property at auction.
The auctioneer typically determines the increments by which bids rise,
though bidders can suggest alternative amounts.
Contact Our Property Experts
Whether you are managing a corporate portfolio or completely new to property auctions, fill out our contact form and our dedicated team will assist you with any questions and guide you through the process.