Auction

We know that selling a property is a big decision and it’s important to know all the possibilities ways of getting a property ‘Sold’.

There are many advantages of selling your property through auction; it’s flexible, quick, and secure. You can choose what best suits your circumstances, set your own timescale and with the purchaser either exchanging contracts or paying a reservation fee to secure the property, you know they are committed to the purchase.

You can sell your property for FREE with NO FEES!

Benefits of selling through auction include:

• Sell for 0% commission
  • We sell your property with no fees, with the purchaser paying the costs, meaning it is totally free to you. The buyer pays the fee
• Security of Sale
  • The buyer paying a reservation fee to secure the property, you know they are committed to their purchase.
• Fixed Timescales
  • You can start and end the online auction at any time to suit you with fixed exchange and complete dates, giving you total control.
• Minimum Reserve Price
  • With the reserve price agreed in advance, your property will never sell for less than you’re prepared to accept.

Unconditional Auctions

Also known as the traditional auction method. Contracts are exchanged immediately following the fall of the gavel, the purchaser is legally bound to buy, and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated). A deposit and a buyer’s premium are payable immediately.

Conditional Auctions

Conditional auctions are considered to be a more flexible auction method. Upon the fall of the hammer, the auction conditions require exchange of contracts within 28 days (unless otherwise stated) followed by completion within 28 days of exchange. The purchaser shall pay a non-refundable buyer’s premium. The buyer’s premium applicable to the property will be noted on the property listing.

Online Auctions

Our online auctions give you total flexibility over the sale of your property. You can choose a conditional or unconditional sale, giving you the same benefits of selling in a room auction but allowing you to set a timescale to suit your circumstances. Interested parties can place bids from wherever is convenient for them, and competitive bidding against each other will achieve the best price possible at the end of the sale.

Buying

Buying by auction is an increasingly popular way to secure a property. It is no longer just for experienced investors looking for their next project, there are thousands of people every year taking advantage of the benefits auctions have to offer.

Speed – all our auction properties are offered with a fixed timescale to exchange and complete, meaning you know your moving date from the outset

Security – By paying a reservation fee and/or a deposit to secure the property, the vendor stops all marketing and will not consider any other offers

Transparency – Auctions are considered as a more transparent way to purchase a property. You can see the other bids and place your bid at a price you’re comfortable with

Flexibility – you can bid in online auctions 24/7

Mortgage – buying via conditional auction offers a longer exchange and completion date than the more traditional unconditional auction route. This gives buyers the flexibility to consider applying for a mortgage, if they wish to do so. If this is the case, we strongly recommend that you arrange for an independent survey to be carried out to ensure the Bank/Building Society will lend against the property

Personal service – our auction experts are available to offer you all the help and guidance you need. Give us a call if you have any questions and we’ll guide you through the process to ensure buying at auction is the best route for you.