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.
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. 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.
Three reasons: Maximum price, speed and security.
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.
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. This timescale is legal and binding. Clients are attracted to the promptness of a swift completion of a sale.
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.
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:
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
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:
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).
Valery Stimpson
Jenny Turner
Mr Richardson
Three reasons: Maximum price, speed and security.
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.
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.
Yes, you have complete control when setting the reserve price.
Fill out the form below and a member of the auction team will be in contact to arrange a free, no-obligation auction valuation.
Get the auction catalogues delivered to your inbox the moment they are released. By joining our mailing list you will also receive property news, advice and upcoming lots before anyone else!
The winner of the competition will receive a TUI gift card to be redeemed in store or online, to the sum of £500 OR £500 toward the mini break of your choice.
The gift card will expire 30th September 2021
No Town & Country member of staff, their family or friends may enter.
You must have registered your details and then turn up at our next property Auction; 29th April 2019. The Holiday Inn, Povey Cross Road, Gatwick for a valid entry. (No obligation to buy)
This voucher comes with TUI’s terms and conditions, once redeemed, which can be found at https://www.thomascook.com/terms-and-conditions/booking-terms-and-conditions/
Get the auction catalogues delivered to your inbox the moment they are released. By joining our mailing list you will also receive property news, advice and upcoming lots before anyone else!
If you have questions regarding buying or selling at auction or even have a general unanswered question, please fill out the form below and we’ll get back to you shortly, and remember, no question is too small.
1) M – MANAGE
By setting an attractive Guide Price we encourage potential and active buyers to participate in the bidding process, while managing to stay in control of the reserve price.
2) A – ANTICIPATE
Connect UK Auctions allow bids from a number of sources which will help achieve the best price possible. These include bids from buyers ‘in the room,’ over the phone, by proxy AND Connect Realtime© internet bidders all live at the same time.
Sign up to our Auction Academy mailing list for exclusive content.
