10 Simple Steps to Auction Success
10 Simple Steps to Auction Success
It simply starts with an email or a phone call to APS. We will go over your requirements, situation and your property and book in an appointment at a convenient time.
Our dedicated APS Auction Valuer will come out to visit you free of charge and give you all the guidance, information and advice you will need on the best method of sale.
Instruction to sell
We will confirm our terms of appointment, get in contact with your solicitor, gather together the necessary paperwork, liaise with others to get searches, planning Permissions, Specialist Reports, an Energy Performance Certificate (EPC), Tenancy Agreements, Architectural Plans and get Special Conditions of the Sale prepared for your property.
We will work with you and your solicitor to help get a legal pack prepared as quickly as possible. We will then make it available online to all interested parties and hold an office copy for potential buyers.
Property details Approved
We will submit the property details and marketing material we have prepared for your property for you to approve.
Once agreed we will input them onto our website for viewing, and create your catalogue entry.
Effective Marketing campaign
We also pitch your property to our extensive mailing list of buyers by email newsletters and electronic marketing and Social networking.
Viewings and open days
We organise special Open days at all properties that require access and have an experienced, well briefed member of the APS team present to provide guidance and ascertain interest from the many viewers.
Open days are well organised, highly effective and much valued by prospective Auction buyers.
Your property will be allocated a running order ‘Lot Number’ and, after approval will be added to our Auction Catalogue. These will be sent to a considerable number of interested buyers on our mailing list as well as those who have made specific enquiries for ‘Lots’ in a current Auction.
The catalogue is also uploaded to our website in PDF format and made accessible through subscription to other interested parties.
We gauge interest in likely bid levels at Open Days and by discussion with prospective buyers. Pre-Auction offers may also be received which are taken into account.
We agree a Reserve Price with every seller approximately 48 hours prior to the Auction and this remains confidential between you and APS.
Occasionally a pre Auction offer may be so attractive and unlikely to be surpassed in the Auction Room that we recommend its acceptance, conditional upon exchange at least five days prior to Auction Day.
Time is allocated prior to the start of the Auction for prospective buyers to ask any last minute questions. Final amendments to the Catalogue are given out to those attending the auction. Each lot is described prior to being offered and hopefully after competitive bidding, sold on the fall of the hammer with contracts being effectively exchanged at that point. Sale documentation is signed in the room and a 10% deposit paid. Minimum of £3000. We can pay your Estate Agents fee from deposit within 48 hours of Auction.
Your Solicitors will handle the process thereafter. We will supply them with a Notification of Sale and hand over deposit monies after deducting our sales costs.
You will need to:
- Provide vacant possession on completion, unless the property has been sold tenanted.
- Make arrangements for key release
- Cancel your service supplies, insurance etc.
Can APS help you further?
Whether you need help with other disposals, valuation advice on other properties or want to use the sale proceeds to purchase another property please call us, we are here to help you.
If you have been pleased with the service and the result of your sale, please recommend us to others and help us promote the benefits of the Auction Sale alternative.