Selling your property at auction can offer the perfect solution for a quick, secure and hassle-free sale.
Perhaps you have property you need to sell quickly, is in disrepair or maybe you've even had difficulty selling due to legal complications. Whatever your circumstances, whether your property is vacant or tenanted, you can say goodbye to endless viewings and an indefinite time to sell.
Want to know how it works? Take a look at our easy step by step guide to walk you through the process.
1. Advice & a free valuation
Whether it's by phone, email or even in person our team are happy to help. Once in contact, we will ask you about your property and your requirements to offer advice tailored to your situation.
Our valuers will then visit and inspect your property. During your appointment, our valuer will give guide price recommendations, talk you through the process and help you decide on the best way forward.
2. "Yes! We'd like to sell"
By giving us the go-ahead to sell your property under the hammer, we will confirm our terms of agreement then work with your solicitor to help get a legal pack prepared as quickly as possible.
The legal pack can contain a range of documents such as searches, planning permissions, specialist reports, an Energy Performance Certificate (EPC), tenancy agreements, architectural plans, and any special conditions of sale for your property.
3. Marketing your property
The next step is to get your property on the market! So firstly, we prepare the accommodation details for your approval which will then be uploaded to our website and Rightmove.
From there we will create press advertising, send out emailers to our extensive mailing list and prepare your catalogue entry.
In addition to this you'll benefit from multi-office marketing and when appropriate, our joint agents.
We organise viewings for all properties we have access to and have an experienced, well-briefed member of the team present to provide guidance and ascertain interest from the many viewers.
Viewings are well advertised, highly effective and highly valued by prospective auction buyers.
Your property will be allocated a lot number and will be added to our auction catalogue. The catalogue will be sent to our national mailing list of buyers, investors, developers and property dealers.
The catalogue is also added to our website for people to download.
6. Reserve price
We will always keep you up to date with the level of interest for your property and advice you with any pre-auction offers which may be received.
Approximately 48 hours prior to the auction we discuss and agree a reserve price with you which remains confidential between you and the auctioneer.
7. The big day!
It's finally here, and you can't wait to see the hammer fall on your lot.
Bidders register and fill the room as the auctioneer explains the process and rules of the day.
As the auction starts, each lot is described prior to being offered along with any amendments that may have been added to the addendum.
After a bit of competitive bidding, the hammer falls and the buyer pays their 10% deposit and exchanges contracts there and then.
Your solicitors will handle the process after the auction. We will supply them with any details they need while you make arrangements such as;
- Making sure the property is vacant upon completion (unless sold as tenanted)
- Making arrangements for key release
- Cancelling your service supplies, insurance etc.
Can SDL Auctions Graham Penny help you further?
Whether you have a residential, investment or commercial property, development opportunity or land - the auction room could be the best place to sell.
Our experienced team are always happy to help, whatever your query so just give us a call on 0116 254 9654.