For some sellers their initial reaction to auction is - “that’s only for desperate people” or “I’m not giving my house away” or “that’s only for run down properties.” The truth is that auction offers a secure method of selling a property, providing a platform for exposure whilst you retain control of the process.
All properties are sold subject to a reserve price. Your property won’t sell for less than your agreed amount meaning you are in control of the price you accept.
We have partnered up an auction house who have 25 years of auction experience and an expansive partner agent network we can ensure maximum exposure on a national scale for your property.
Selling your property at auction offers a host of benefits that are not available to you when selling using traditional methods.
To confirm a reserve price is agreed on your property, this is the lowest figure you would accept and we cannot sell the property for anything less than that amount. A starting bid is set, your property will be entered into the next auction and will be advertised in the catalogue or entered into the ‘online auction’ with a fixed end date.
Buyers can view the property before the auction date and we encourage them to do so, as when they bid they are committed to purchasing your property. You will be kept updated with feedback from viewings and offers prior to the auction.
If you are selling unconditionally your solicitor will produce a legal pack with all the information a buyer will need to exchange contracts. The property goes to the auction room and will sell for the highest bid above the reserve. We take the reservation fee and deposit from the buyer and pass their details and the paperwork to your solicitors to complete the transaction.
You will have the comfort of a non-refundable reservation fee or deposit form any prospective purchaser. You also have the security of your reserve price which, your property won’t sell below our agreed amount.
With auction you can decide whether you would like the sale to complete within 28 or 56 days. The buyer and their solicitor have to work within these time-scales or the buyer could lose their deposit.
Your property will be advertised with a starting bid which is more appealing than a traditional asking price. A more attractive starting bid leads to more viewings and interest; this equates to more offers and ensures you achieve the best price in the current market.
Your property will be advertised in the auction catalogue which is sent to an extensive mailing list, it will also be advertised by partner agents both locally and nationally as well as on the auction website.
You also have the option to sell through the Unconditional or Conditional routes without any auction or estate agency fees. An additional reservation fee is collected from the buyer allowing us to give you the full auction advertising and marketing without any costs to you.