Auction Agent only charges a fee
upon sale. We do not charge an entry fee, unlike other auctioneers. This
significantly decreases the barrier to entry and makes the decision to sell
with us a lot easier.
We can help sell your property as
quickly as 4 weeks from the day of the auction. It is crucial for properties to
be marketed properly and sufficiently. The general rule is, the longer a
property has been marketed, the more interested parties we can gather. A
property is typically marketed for 4 to 6 weeks prior to the auction day.
A seller’s fee is the commission
payable to the auctioneer upon successful exchange of contracts. The rate of
fee varies from property to property. Please contact a member of staff for more
information.
The biggest reasons why one should sell through
Auction Agent rather than a real estate agent or other auctioneers is due to
its speed, certainty and lack of barrier to entry. It is generally stipulated
in the sales contract that all transfers and exchange of contracts should be
completed within 28 days of the auction. This is significantly faster when
compared to a real estate agency, where it may potentially take months to
complete.
Certainty is also a huge factor because, as soon as the auction ends, the
highest bidder is contractually obliged to buy the property, subject to the
reserve amount. No time is therefore wasted going back and forth between the
two parties. Finally, we do not require any upfront fees to start marketing
your property. You, therefore, do not need to worry about wasting any money if
we do not help you sell!
Yes, it is possible to sell a tenanted property.
Yes, you will need a solicitor to prepare legal packs of the property and will require one to conduct conveyance upon confirmation of sale. It is always advisable to appoint a solicitor with auction experience as special expertise would be required.
Yes, we most certainly can.
Someone looking for a quick sale should always go through auctions instead of
real estate agents.
No, this will generally work against you as fresh new property listings in the market would have a much better response from the public than one that has been marketed previously. This is due to potential damages done through incorrect pricing and the length of being on the market. You should always go straight for an auction sale if you have the intention to do so from the start.
Properties in auctions generally sell for higher than their guide price, however this is not a guarantee. The selling price is typically based on the amount of interest, initial guide price set and the amount of hype we bring through marketing and the auctioneer.
Contracts are legally binding
upon the fall of the gavel. Buyers cannot change their mind without suffering
heavy financial penalties.
No, it is not possible as the
sale contract is already fixed, confirmed and exchanged at the end of the
auction.
No, this is not the case.
Properties that are marketed and priced right may potentially sell higher than
they would through a real estate agent. Please contact a member of our staff to
discuss this further.
Our team are on hand to answer questions and you can call us on 01706 940499.
If you prefer to email us fill in the form below and we will get back to you as soon as we can.
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