If you are selling a property where it is difficult to determine the value because of its condition or situation, you may well achieve the best possible price at auction.
Selling at auction will widen the marketing of your property as our catalogue is sent out to developers, property dealers and investors who are all interested in buying. In many cases sale by auction could prove to be the best method of selling your property.
If you decide that you want to proceed with the auction process you will need to register your property with us in good time – at least six weeks ahead of the scheduled auction date. This will allow us enough time to include your property in the catalogue, and arrange the marketing. We will ask you to sign our auction agency agreement and provide us with details of your conveyancer. You will need to appoint your conveyancer at this stage as they will be asked to prepare the necessary legal documents in good time for the auction. We will liaise with your conveyancer at all stages of the process.
Once we have commenced the marketing of your property we will keep you regularly advised of any offers that may be received prior to the auction. If you agree a sale before the auction the property will be withdrawn, once contracts have been exchanged.
We will confirm the reserve price with you before the auction. The reserve is the lowest price you are prepared to accept for your property. On the day of the auction, if the bidding goes above the reserve price then the property will be sold to the highest bidder. Contracts will be exchanged immediately after the auction, and completion will take place normally 28 days afterwards.
That’s it – the whole process is simple and quick.
The first step to selling your property at auction is to contact us – call 01773 769971 for advice and to arrange a free, no obligation auction appraisal. After the appraisal we will be able to advise you on a recommended reserve price, and give you some idea of what your property may achieve at auction.