Selling Property at Auction

Quicker Sale

The absence of any sales chain and with completion normally occurring within
28 days means that it can often be quicker to sell at auction than by other methods of sale.

Three Opportunities to Sell

Selling by auction presents a number of opportunities to sell; prior to the auction, at the auction itself or after if it fails to make the reserve. The concentrated advertising that accompanies each sale gives the property a high profile and avoids an exposure to the market for an extended period of time, which may deter potential buyers.

Realising the Market Value

The competitive atmosphere of the auction room with the one off sales opportunity can result in higher than anticipated prices being achieved. The auction process is a tried and tested means of realising the open market value of a property, hence its use by an increasing number of  organisations, as well as individuals, such as executors, administrators and charities.

Sold as the Hammer Drops

One of the great attractions of selling at auction for clients is the removal of
the potential frustration of a sale falling through, as the property is effectively
sold on the 'fall of the hammer'. The deposit is then paid and contracts signed in
the auction room with completion normally within 28 days.

Reserve Price

Most properties are sold subject to an undisclosed reserve price which is agreed
with the seller prior to the auction. This ensures a minimum acceptable selling
price for the vendor.