Buyers Guide To Property Auctions
Buying a property through our auction couldn't be easier. You can bid from your desk, from the comfort of your own home or come along to the auction event and bid in person.
Unless stated, all of our properties are offered for sale via the Modern Method of Auction. This is not to be confused with the traditional method whereby a legal exchange of contracts is required immediately after the auction ends. Our auction is still based around a fixed timescale but allows longer periods for exchange and completion to further accommodate the residential buyer and seller. Auction provides buyers with the opportunity to purchase realistically-priced properties quickly and easily. All of the properties advertised through our property auction are offered by committed sellers at realistic prices. Many of the properties are vacant with no onward chain and auction provides buyers with the opportunity to purchase realistically-priced properties quickly and easily. The auction method of sale also gives transparency for both the buyer and the seller as the sale is in the public domain so the fear of gazumping or re-negotiation is completely removed.
Modern Method Of Auction
This is what's known as a conditional auction and means that upon acceptance of an offer or at the fall of the hammer the buyer must place a non-refundable reservation fee or part-payment deposit to reserve the property. The buyer is then given 28 days to exchange contracts and a further 28 days to complete the purchase thereafter. Most buyers prefer to buy through the Modern Method of Auction as it provides greater flexibility.
The Sellers Guide to Property Auction
When thinking about selling your property there are many options out there, but not many will provide the speed and security that selling via auction can bring. We offer several different options regarding our auction service with a range of benefits. To find out more contact us today.
NO SALES FEES
You can pay no fees whatsoever to sell your property. Under the buyer's premium entry we charge the buyer a reservation fee which covers our costs.
A fixed date to sell and move
Fixed timescales for exchange and completion provide clarity for both parties. A fixed timescale is not often set when selling a property through private treaty with sales taking much longer than anticipated. This added security is a big benefit to most vendors looking to move forward with confidence.
A non refundable deposit or a reservation fee paid by your buyer to secure your property
Your buyer will pay a non refundable deposit/fee. As this is paid on a non refundable basis, you know that your buyer is serious and in a proceedable position.
Guaranteed to increase levels of interest and viewings
The unique pricing strategy that we employ creates increased levels of interest and viewings and increases the chances of selling your property quickly.
The best price for the current market
Think about how an owner of a piece of fine art maximises its value? They sell at auction! Due to the increased marketing and unique pricing strategy that we operate, we guarantee to get you the best price in the current market for your property. A property will always sell for what it's worth, plus you have a reserve price so you know it won't sell for anything less than that chosen figure.