Why sell your property at auction?
Firstly, there are several reasons why choosing to auction your property could be the best method for you.
Auction provides the fastest way to sell a residential property. Once your property has sold via auction, completion will be guaranteed within 28 days. As a result, you’re not waiting around for all of the paperwork to be finalised in order to confirm your sale. Once the final bid has been accepted, you have legally exchanged contracts with the buyer and therefore they are tied in to completing the purchase.
Our partner, Auction House, will proactively send out your property to their database of local, regional and national buyers. Your property will be featured in online ads featured on the major property portals including Rightmove and Zoopla. Their high quality catalogues are mailed to prospective buyers, in addition to this, your property will be emailed to their database. On top of that, all of the website and social media visitors will see your property.
How do auctions help you to achieve the best price?
Open House viewings are included within their fee. This helps to drum up offers from potential buyers because it creates a competitive bidding environment. A member of their team will be on hand to guide the buyers around your property, and answer any questions they may have. They will be able to provide you with an accurate idea of what your reserve price should be.
One of the main benefits of the auction room is how it can generate interest from multiple parties, which leads to the perfect atmosphere for competitive bidding. All of this, can help you to achieve the best price on the day.
Auctioning your home ensures the price agreed, is the price you receive. Once the hammer falls, there can be no discounts made due to survey findings. It is the buyers responsibility to fully vet the property before bidding on it.
Is a property auction the right method for you?
The auction process works for certain types of property. Generally properties that are run down and in need of renovation always do well at auctions. Properties where it will not be possible to get a mortgage, where a cash purchase is required also make good auction properties.
Building land or land with potential for planning permission are also popular at auctions.
Do you need to sell quickly? Once a property has sold in auction, completion is guaranteed within 28 days. This is a legally binding time frame that is agreed to between the vendor and the buyer.
Are you selling via Probate? You have a duty to achieve the best price possible, so auctions are the perfect method for you.
Do you own an investment property? A large number of buy-to-let investors look to buy through Auction House. Therefore by keeping your tenant renting the property you will continue to receive income until the date of completion.
How does the auction process work?
Our partner, Auction House, are able to handle the whole process for you. They hold over 40 regional auctions and your property can be placed in the local auction. Like HomeXperts, Auction House are experts in their local area, helping them to get the best value from your property. Their teams live locally, know the area, have numerous contacts and a wealth of knowledge. You can feel reassured and confident your property is in safe hands.
Every property seller wants to achieve the best possible price. Using professionally-run regional auctions has proved to achieve a higher price than centralised metropolitan auctions when selling property. Auction House have outperformed other regional auction companies over the last five years with consistently high success rates*.
Speak to one of our local agents
Our local agents will assess your home and see whether auctioning your property is the best choice for you. They deliver honest, accurate appraisals which means you receive a realistic valuation of your property.
Book your FREE valuation