Step 1 - Free Auction Valuation & Fee Quote
One of our experienced valuers will provide you with an auction specific no-obligation free valuation of your property and tailored quote for sales fees. They will also supply you with expert advice regarding market conditions surrounding your particular property and likely buyer demand. All sales are accepted on a no sale = no fee basis so you only have a one off commission to pay when the property sells. Additionally you are able to set a reserve price at the auction which is the minimum price your property can sell for. This will all be agreed and detailed within a sales agreement if you are happy to proceed. You can request your free auction valuation and fee quote online now by completing a quick form.
Step 2 - Photos, Schedule & Marketing
Once you have formally instructed us to proceed one of our professional photographers will next visit your property and produce your high quality auction schedule. The property will then be listed in our colour printed auction catalogue produced every 6 weeks and marketed via our wide range of online portals including Rightmove, Zoopla, S1 Homes, Primelocation and many more. The intense pre-auction marketing campaign lasts for 3 weeks and includes direct marketing to our buyer database of over 100,000 auction buyers. We push your property hard via all modern medias including email, text, twitter and facebook. We will erect a high impact 'For Sale by Auction' sign at your property also for maximum local exposure.
Step 3 - Auction, Contracts & Completion
All vendors are invited to attend the auction event however it is not mandatory if you are unable to attend for any reason. If the bidding reaches or exceeds your reserve price then the auctioneer will sign the auction agreement by hitting the Gavel (hammer). If the bidding does not reach your reserve price then the auctioneer may hold the highest bid for you and declare a provisional bid. You can then decide whether you wish to accept this offer to which the buyer is bound. If an auction sale is agreed we will secure a 10% deposit from the buyer which is forwarded onto your solicitor less our agreed sales commission prior to the completion date. The buyer will pay the 90% balance through their solicitor on or prior to 28 days (4 weeks) from the auction date. We ensure all contracts are completed and passed swiftly to your solicitor who handles the completion of the sale.