Auction resource

How Property Auctions Work

A property is listed with a guide price, reserve and auction end time. Verified bidders compete online, the auction can extend to prevent last-second sniping, and the successful bidder moves into a documented completion workflow.

Buyer and seller guide

Search with confidence before you bid or sell.

Letterbox presents auction lots with the information serious buyers need before competing: guide price, countdown, legal documents, reserve status, bid history and bidder registration controls. Sellers get a structured route to market with professional presentation and clear auction milestones.

Before bidding

Register, complete identity checks, review the legal pack, confirm funding and understand the auction terms before placing a bid.

During the auction

Bid against the current price, observe the countdown and understand that late bidding can trigger fair-bidding extension rules.

After the auction

The winning bidder is confirmed, payment instructions are issued and the parties move into the completion timetable.