Real estate auction
Expand your property portfolio
Selling a property at auction is becoming more popular, as homeowners are increasingly attracted to the speed, simplicity and security of selling in this way. Property auctions offer a variety of benefits to sellers so it is no surprise to find they are busier than ever. “People who choose to sell at auction can set a reserve price, so they know the minimum amount they will receive before their property goes under the hammer. They will also be in a position to achieve a quick sale that is guaranteed not to fall through at any stage.
Selling at auction is quick Once a property is sold at auction, a completion date will usually be set for 20 working days later. Sellers will have the funds in their bank account quicker than they typically would when selling in a traditional manner
Selling your house at auction guarantees sales As soon as the gavel falls, contracts are exchanged. All of the due diligence will have been completed by the buyer prior to this date. It means sellers can rest assured that the sale will not collapse.
Reaching the right audience Comprehensive and extensive marketing of a property takes place in the days and weeks leading up to an auction, reaching as many potential buyers as possible.
Transparency at every stage Sellers are aware of every offer at every stage of the process, as each bid is made in public. Sellers will also set a minimum reserve price, so there is no risk of a home being sold below market value.
Sell Property at Auction and Get The best price Effective marketing is designed to generate maximum interest. By encouraging numerous interested parties to come forward, competitive bidding can develop and ensure the best possible price is achieved.
While the final selling price is determined by buyers, sellers retain control of the reserve price, which is agreed in advance. This means every seller achieves their minimum aim, but most enjoy a significantly higher price once their property reaches the auction room.
Auctions work particularly well for homeowners and investors who need a quick sale
