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Selling At Auction
Sell today, complete in 28 days
Not only does auction offer speed and security but this method of sale holds numerous benefits over that of traditional estate agency sales. Clients turn to auction for a number of reasons whether job relocation, emigration, matrimonial issues, probate, outgrowing the property, or simple frustration with the open market. Often the sale achieves a higher price via this method due to the competitive bidding of the room.Residential property
Properties for improvement
Tenanted properties
Probate properties
Repossessed properties
Development propositions
Building land
Commercial investments
Mixed use properties
Amenity land & other property
Large residential and commercial portfolios
Why do people sell via auction?
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. By following our advice and pricing the property at an attractive level, you can be sure of a quick sale and sometimes even a pre-auction sale. This timescale is legal and binding. Clients are attracted to the promptness of a swift completion of a 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. This gives you, as a seller, total security, full control and peace of mind that your sale is guaranteed.
Additional benefits
Once the gavel falls, your buyer is legally committed to purchasing and cannot change their mind without the penalty of losing their deposit as well as ongoing legal expenses.
Competition is good; gathering all potential purchasers together in the same place at the same time creates a sense of urgency and wanting, so you can be rest assured the price achieved is the best you could possibly obtain.
Once a pre-auction offer is accepted or by the fall of the gavel, the paperwork is then signed and exchange of contracts will take place at the agreed price, so there is no renegotiating or gazundering. (A legal pack is required for all potential purchasers to review prior to committing to purchasing a property).
Properties are marketed both locally and nationally to create the greatest amount of interest. Included in the marketing campaign is the following:
- Regional newspaper advertising
- National internet and website portal advertising inc Rightmove and EIG
- An erected ‘Auction For Sale Board’
- Personal property listing within the Connect UK Auctions brochure and website
- Postings to Company social media accounts including Facebook, Twitter, LinkedIn and Instagram
- Individual property mailouts to thousands of active and ready-made buyers
- Maximised exposure, with thousands of potential buyers logging in to watch the auction
4 Top Tips before selling by auction
Auctions vs estate agency sale
Can I sell tenanted property at auction?
What happens if my property doesn’t sell?
How does selling at auction work?
What our clients say about us
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