Seller FAQs

“But selling at auction means I’ll have to sell at a much lower price, doesn’t it?
No. – This is a myth. So let’s find out why.”

Why do people sell via auction?

Three reasons: Maximum price, speed and security.

Price – You are in full control at all times. From the reserve price to the guide price, we are here only to advise. Setting an attractive guide price instils the engagement of potential buyers. The competitive atmosphere and the variety of bidders from different sources will push up the price organically. If a property is suitable for auction- expect the sale price to reflect that.

Speed – Property Auctions are best known for selling with speed. On the fall of the gavel contracts are exchanged and completion usually 28 days after, unless special conditions apply. By following our advice and pricing the property at a keen and attractive level you can be sure of a quick sale and sometimes even a pre-auction sale.

Security – Imagine a sale with no possible fall throughs, gazumping or gazundering. Once the gavel falls the buyer and seller are legally bound to the sale and contracts are exchanged. Neither party can pull out. Not only this, this method of sale eliminates any long negotiation processes and seller chains.

Will I get full price for my property?

Yes. Selling at auction always means you will get the true value of any property. You are in full control at all times. From the reserve price to the guide price. Setting an attractive guide price instils the engagement of potential buyers. The competitive atmosphere and the variety of bidders from different sources will push up the price organically. If a property is suitable for auction- expect the sale price to reflect that.

What properties are sold at auction?

Many who sell at auction often achieve a higher sale price than that of a private treaty and the reason is the property is more suited to auction. If you can answer YES to any of the following then your property or land is suitable for this method of sale:

  1. Does the property need refurbishment? Can it be redeveloped or extended? Does it have enough land that could potentially be used to develop on?
  2. Is the property tenanted? You can sell via auction with tenants in situ and in fact, many investors look for tenanted buy to lets as this provides instant income for them.
  3. Does the property have any issues? Whether structural, fire damaged, legal issues, a short lease, un-mortgageable or just that there are neighbour hood issues we can help.
  4. Are you looking for a quick sale? If you’re looking to release equity fast or avoiding for closure, emigrating or re-locating, auction proves perfect for speed and certainty.
  5. Have you inherited a property? Connect UK Auctions offer a bespoke property probate service.
  6. Do you have a vacant or occupied commercial lot you’re looking to sell?
  7. We also take on a variety of land including mixed use, land with planning for development and agricultural land also. Book your free auction valuation now.

Can I control the selling price?

You are in full control at all times. From the reserve price to the guide price, we are here only to advise. Setting an attractive guide price instils the engagement of potential buyers. The competitive atmosphere and the variety of bidders from different sources will push up the price organically. If a property is suitable for auction- expect the sale price to reflect that.

Who buys at auction?

Everyone and anyone can, especially with our innovative ‘Conditional Auction.’ This has been devised to aim specifically at the residential buyers who may require a mortgage, so we do not aim solely for cash buyers. We do not exclude any buyer who is in a proceedable position.

What is the probability of selling?

You can NEVER under sell at auction. The trick is setting an aggressive start bid to generate multiple viewings over a set time span. Then, at auction, purchasers bid against each other either in person by proxy, phone, or internet.

How is a reserve price determined?

By agreement with the seller, a reserve is set and can be altered only with the seller’s consent. The auction representative will keep the seller informed at all times along the process as to any pre-auction offers and general interest leading up to the auction itself.

How are viewings arranged?

We conduct open days and viewings ourselves generally, however, we are able to make arrangements with local agents for access if necessary as we know every property and vendor is different and should be treated as such.

How will you advertise my property?

In the weeks approaching the auction we advertise weekly in regional newspapers and property supplements. Each property will also enjoy maximum exposure by being displayed on internet websites 24 hours-a-day, 7 days-a-week, 52 weeks-a-year. The internet also offers potential buyers the opportunity to print colour brochures or to contact the office directly to organise viewings or arrange details to be sent out in the post.

All of the following websites are uploaded to and updated on a daily basis:

www.connectukauctions.co.uk
www.eigpropertyauctions.co.uk
www.rightmove.co.uk
www.zoopla.co.uk
www.facebook.com
www.youtube.com
www.linkedin.com
www.instagram.com
www.twitter.com

If necessary, we will also create a virtual tour of your property to be uploaded to our website and socials also.

Is there a cooling off period?

No – when you sign the agreement you agree to us marketing the property straight away.

How do I proceed?

Book your free auction valuation now now or call 0800 448 0100 (FREEPHONE)

Why auction?

Three reasons: Maximum price, speed and security.

Will I get full price for my property?

Yes. Selling at auction always means you will get the true value of any property. Yes the buyer is paying your fees but that does NOT mean you will get less for your property – you are simply saving a sales fee.

What properties are sold at auction?

Everything and anything. We have sold terraces, bungalows, unique properties, family detached houses, penthouse apartments, commercial units, businesses, new build properties and plots on behalf of builders.

Can I control the selling price?

Yes, you have complete control when setting the reserve price.

Who buys at auction?

Everyone and anyone can, especially with our innovative ‘Conditional Auction.’ This has been devised to aim specifically at the residential buyers who may require a mortgage, so we do not aim solely for cash buyers. We do not exclude any buyer who is in a proceedable position.

What is the probability of selling?

You can NEVER under sell at auction. The trick is setting an aggressive start bid to generate multiple viewings over a set time span. Then, at auction, purchasers bid against each other either in person by proxy, phone, or internet.

Why do people sell at auction?

Because of job relocation, emigration, matrimonial issues, death, outgrown the house, or simple frustration with the open market. Selling at auction maximises your price and offers speed and security. Anyone and everyone can sell at auction.

Who are your clients?

Anyone who wants to reach the largest audience in the shortest time to achieve the best price. Vacant property rates make commercial property a significant source of business now.

How is price determined?

By agreement with the seller, a reserve is set and can be altered only with the seller’s consent.

How do you arrange viewings?

We will make arrangements with local agents for access if necessary or conduct open days and viewings ourselves, as every property and vendor is different and should be treated as such.

How will you advertise my property?

In the weeks approaching the auction we advertise weekly in regional newspapers and property supplements. Each property will also enjoy maximum exposure by being displayed on Internet websites 24 hours-a-day, 7 days-a-week, 52 weeks-a-year. The Internet also offers potential buyers the opportunity to print colour brochures or to contact the office directly to organise viewings or arrange details to be sent out in the post.

All websites are updated on a daily basis:

www.connectukpropertyauctions.co.uk
www.eigpropertyauctions.co.uk
www.rightmove.co.uk
www.zoopla.co.uk
www.facebook.com
www.youtube.com
www.linkedin.com
www.instagram.com
www.twitter.com

Is there a cooling off period?

No – when you sign the agreement you agree to us marketing the property straight away.

How do I proceed?

Easy – Simply call Connect UK Auctions on 01293 528575

buying at auction

Buying at auction

Understand the process of buying a property at auction. Our experienced staff will always be at the auction to assist you.

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selling at auction

Selling at auction

Selling at auction enables you to obtain a swift sale. Discover why so many people are using this method of sale.

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Seller FAQs

Why auction?

Three reasons: Maximum price, speed and security.

Will I get full price for my property?

Yes. Selling at auction always means you will get the true value of any property. Yes the buyer is paying your fees but that does NOT mean you will get less for your property – you are simply saving a sales fee.

What properties are sold at auction?

Everything and anything. We have sold terraces, bungalows, unique properties, family detached houses, penthouse apartments, commercial units, businesses, new build properties and plots on behalf of builders.

Can I control the selling price?

Yes, you have complete control when setting the reserve price.

See More >

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