Benefits of selling at auction
There are many significant benefits from choosing Sale by Auction and it is only by understanding these, that agents and sellers can together decide if Auction is right for a specific property.
Speed
There is no faster way of selling.
Chance of Success
Auction gives you a greater likelihood of selling your property than by private treaty.
No Fall-throughs
Your sale is certain. When the hammer comes down you have exchanged contracts, your buyer is legally committed and cannot change his mind.
Higher Profile Marketing
Your property will be advertised very intensively in local press, nationally through specialist publications, in our high quality catalogue, and extensively promoted on the web. In truth nobody offers more high profile marketing than you will receive locally or nationally from Auction House.
Open House Viewing Days
We set up special press promoted viewing days for your property. Each is hosted by a member of our Auctions team.
Competitive Bidding
The process of competitive bidding will help your property to achieve ‘best price’ on the day.
Best Price
Often properties achieve a sale price at Auction in excess of the Guide Price. Regularly the result is ahead of that which might have been acceptable with a Private Treaty sale.
Continuing Tenancy Income
More and more investment properties are now being sold by Auction, without vacant possession being obtained in advance. By continuing the tenancy the vendor will continue to receive rent until completion date, and the purchaser will start receiving an income from that date onwards.
No Re-negotiation
With Private Treaty sales a price agreed often isn’t the price you finally receive. With Auction there is no re-negotiation, no discounting to take account of survey findings or any last minute gazundering.
Time Scale
If you are in a hurry or have a deadline to meet, then Auction could well be right for you. From the outset you will know the date of the Auction and legal completion will usually be set for 28 days thereafter. This time-scale is fixed and legally binding on the two parties.