When it comes to selling your home or investment properties, the method of sale by auction can be a fast, secure, and cost-effective option.

Auctions are no longer for run-down houses or probate properties; higher-end properties also benefit from the auction process if a quick sale is what you need. That's why we are delighted to announce a new partnership with Pattinson Auction – a UK wide auction house.

Here’s why selling at auction might be the right choice for you:

Fixed timeframe (28 days to exchange and 28 days to completion)

Unlike traditional sales, which can drag on for months following agreeing an offer, auction sales work within a set and strict timeframe. The auction will take place 28 days after the property is listed, with exchange occurring once the hammer drops. Typically, completion happens within 28 days of exchange, giving you certainty and peace of mind.

Reserve price

Don’t want to give your home away for nothing? Good. And you don’t have to. We can set a “Reserve Price” at the minimum acceptable price. This remains confidential throughout the process and unless a successful bid either matches or exceeds this price, you are under no obligation to sell.

Immediate exchange of contracts

As mentioned above, at the fall of the hammer the sale is legally binding. This eliminates the risk of buyers pulling out at the last minute, which is common in regular private treaty sales.

Buyer pays a 5% deposit upfront

To secure the property, the buyer must pay a 5% non-refundable deposit immediately upon exchange. This ensures they are financially committed from the outset and that the seller receives compensation should the buyer be unable to proceed with the purchase.

No agency commission for the seller

One of the biggest financial benefits is that the buyer covers the auction and agency fees. This means that you won’t pay a penny in agency commission. The only fee you will be subject to, is to create the legal pack (similar to the conveyancing process you experience on a standard sale by private treaty).

Suitable for all types of property

Auctions aren’t just for derelict or distressed properties anymore—they’re an effective way to sell premium homes too within a strict timeframe. The competitive bidding environment can often drive up the final sale price too.

Is sale by auction right for you?

If you’re looking for a quick, secure property sale without hefty fees, auctioning your property could be the ideal solution. It is also a great way of selling tenanted or occupied properties to other investors, without having to go through the legal headache of serving the sitting tenants notice and going through the courts to obtain vacant possession.

Interested to learn more? Why not get in touch with our sales office on 0161 511 5339 or complete our contact form to discover how we can sell your home quicker than you may think.