FAQs


Frequently Asked Questions

The Broll online auction platform is backed by extensive real estate experience combined with the best of cutting edge technology, providing a powerful, worldwide, online trading platform. The Broll team have sold thousands of assets on the platform, from houses and apartments to offices, industrial units and development sites, as well as large-scale investment portfolios. All bidders register in advance of the auction and provide a deposit, relative to the reserve price of the asset that they are bidding for. Every bid placed during the auction is logged and displayed on the website in real-time; the process is fully transparent. Broll exchange contracts on behalf of both the buyer & the seller on auction day, and these contracts are legally binding. Our bespoke, in-house platform means clients can buy or sell property online from anywhere in the world, on any device – securely, efficiently, & confidently.
Join the Broll database and we will notify you about auction catalogues, sale results, property-related information
Unlike the private treaty process, auction properties are not sold ‘subject to contract’, ‘subject to finance’ or ‘subject to survey’. When a lot is sold, a legal and binding contract has been formed - if you are the successful bidder, you are legally obliged to complete the sale. We strongly advise potential purchasers to check that they have read and understood all the various legal documents and terms and conditions prior to bidding.
Each property has a Reserve Price – the lowest price that the seller is willing to accept for the property. If the bidding does not reach the Reserve Price, the property cannot be sold. Although the Reserve Price itself will not be disclosed, ‘Reserve Not to Exceed’ is our assurance that the Reserve Price will not be higher than the amount shown.
Each property has a Reserve Price – the lowest price that the seller is willing to accept for the property. If the bidding does not reach the Reserve Price, the property cannot be sold. A guide price is an indication of where the reserve price will be set at auction – the reserve will typically be set within 10% of the guide price. Guide prices
We sell a broad mix of commercial and residential properties from houses and apartments to offices, industrial units and development sites, as well as large-scale investment portfolios. We sell for private individuals, government agencies, charities, receivers & insolvency practitioners, housing associations, private equity funds & developers, all of whom are seeking the best and most transparent price, via maximum market exposure and competitive bidding.
We normally hold 2-3 open viewings for each lot. Viewing times are listed on the relevant property page. Simply click on the ‘Viewings’ tab below the image of the property. Please note that it may be a few days from the launch of the catalogue before viewings times have been arranged.
Yes – surveyors are welcome to attend one of the open viewings.
The vendor’s solicitors prepare legal packs containing special conditions of sale, title deeds, leases etc. These can be downloaded from the relevant property page. Simply click on the ‘Legals’ tab below the image of the property. Please note that you will need to create a Broll account to access the legal documents. This is free and takes less than two minutes. These documents will help you and/or your legal adviser to make an informed decision about the lot.
The vendor’s solicitors are best placed to answer queries relating to the legal documents. Details of the relevant solicitor can be found on each property page. The key contacts for each property are listed on the right-hand side of the page; scroll down and you will find the ‘Solicitor Contact’ section.