Free Auction Appraisal
Our experienced team of valuers and auctioneers can offer vendors a complete auction service. We can provide a no obligation FREE Auction appraisal for vendors who may consider auctioning a property. An auction appraisal will detail the currently market demand and likely auction selling price for which a property might receive at one of our live auction events. Vendors can then decide whether or not they wish to enter their property into a forthcoming Auction. The appraisal will also include a quotation for marketing fees and auctioneers commission.
If you are happy with your auction appraisal and decide to enter your property into our forthcoming auction we will send you correspondence by email or post (or you can come into our sales office) which you must return stating your agreement to our terms of sale. We will also require verification of your identity and solicitors details at this time. If you currently have a contract with another marketing agent this is not a problem as we can contact the agent on your behalf and auction the property as a joint agent.
You will be required to contact your solicitor and let them know that you have instructed us to auction your property. We will then forward the templates for the auction legal pack to your solicitor and they will prepare your pack and post this to us prior to auction date.
Marketing and Viewing
Your property is added to our professionally designed auction catalogue and marketed to our extensive investor base by email, post, property websites, text messages, traditional newspaper advertising and social media. We will organise and hold a series of open guided viewings for buyers running up to the auction date.
All vendors are invited to attend he auction event however it is not mandatory if you are unable to attend for any reason. If you have set a reserve price for your property and the bidding reaches or exceeds this amount then the auctioneer will sign the auction agreement by hitting the Gavel (hammer). If the bidding does not reach the 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 he buyer which is forwarded onto your solicitor less our agreed sales commission prior to the auction date. If agreed on a joint agency basis we can also pay your Estate Agency fees within 48 hours of Auction Date. The buyer will pay the 90% balance thorough their solicitor on or prior to 28 days (4 weeks) from the auction date.