Selling through auction has an amazing success rate with Connect UK Auctions 2020 success rate sitting at a mighty 91%. BUT… there is always the dreaded question of what happens if my property doesn’t sell at auction?
Firstly, Connect UK Auctions offer a no sale no fee policy. This is something many other auctioneers do not. You have peace of mind that ‘just in case’ a property doesn’t sell in the room, there is no cost to you.
If a property doesn’t sell on the day of the auction, it means the final bidding figure didn’t reach the reserve price. But remember, there are always buyers post auction.
Post auction calls are normal and the auction team are well trained in extracting offers in order to conclude the sale at a price you as the vendor, are looking to achieve.
If the property doesn’t meet the reserve in the room or receive the needed post auction offers, a representative will keep in touch to discuss your options and what to do next.
Fill out the form below and a member of the auction team will be in contact to arrange a free, no-obligation auction valuation.
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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.