Advantages of selling by auction
Certainty: Properties are not sold ‘subject to contract’ as the successful bidder legally exchanges contracts on the fall of the hammer.
Speed of sale: An initial marketing period and the sale completes 20 working days after the auction.
Competitive bidding: Competitive bidding secures the highest sale price.
We run auctions online or in an auction room with online bidding. This allows a global audience and enables more buyers to participate – improving our success rate and increasing sale prices through competition.
Which properties suit an auction sale?
Properties that need considerable modernisation, building plots, properties with structural problems, investment properties, unusual properties, land and properties which need to be sold quickly
Who sells by auction?
Auctions are also commonly used when companies, executors, charities, local government, trustees and property trusts would like their properties sold openly and transparently, an auction sale demonstrates they have achieved the best price the market will offer
What are the different methods of sale?
Private treaty (the usual way), by tender or by auction. Many agents favour the more conventional route of a private treaty because it is the only option they offer; however, to give the best advice we always consider the most beneficial method for our client and their situation