Efficient and Secure Selling With Complete Peace of Mind
Selling your property has never been easier. Traditional and Modern Auctions offer many great benefits:
Complete Faster
Private Treaty, on average, can take over 100 days for a property to complete whereas auction provides fixed exchange and completion dates of between 28 and 56 days. This means you can plan your move more easily.
Security
Auction requires buyers to pay a non-refundable Reservation Fee or deposit to secure the property so all parties can move forward with confidence. The buyer signs a reservation agreement, committing them to complete the purchase reducing the risk of a fall-through.
No Sale, No Fee
There is nothing to pay to enter your property into one of our auctions. The auction pack fee of £445.00 including VAT is only payable by you if your property sells.
Optimised Exposure
An attractive guide price encourages competitive bidding between prospective buyers, which can help to drive up the final selling price of your property.
Reserve Price
We discuss and agree on an undisclosed Reserve Price with you in advance of the auction. This is the minimum amount you will accept for your property, providing you with additional security and peace of mind that comes from knowing you are fully in control of the selling price.
Modern Method of Auction
This more accessible route, creates a transparent platform for buyers and sellers combining the best aspects of traditional auction and private treaty sales. We offer more realistic yet fixed timescales, opening up the market place for buyers and sellers looking to arrange mortgages as their method of payment. The exchange of contracts has 28 days to take place from the solicitors receipt of draft contracts, whereas with traditional auctions, the exchange of contracts will usually take place as soon as the buyer has won the bid.
The Modern Method of Auction opens the auction market (once reserved for the professional investor or cash-ready buyer) up to residential buyers, creating a larger market place and more interest and activity than traditional auction. It is the preferred route for buying and selling via auction and has changed the perception of auction in the last decade.
Traditional Method of Auction
This is a tried and tested method associated mainly with selling and buying investment stock due to more restrictive timeframes to exchange contracts and complete the sale. This limits buyers and the interest and activity around residential properties.
Did you know?
Average completion time is 54 days
With auction the fall-through rate is less than 5%,
unlike Private Treaty which has an average fall-through rate of 30%
