GOING… GOING… STILL NOT SOLD?
Did your property not sell at auction?
Withdrawn? Or been sitting on the market for weeks with little to no interest?
You’re not alone, and in most cases, it’s not the property that’s the problem.
It’s the strategy behind it.
WHY PROPERTIES FAIL TO SELL
- Poor exposure to the right buyers
- Weak or generic marketing
- Incorrect pricing strategy
- Lack of urgency or competition
HOW WE GET IT SOLD
- Attract serious, motivated buyers
- Create urgency and competition
- Maximise exposure across the right channels
- Position your property properly in the market
NO SALE? NO FEE.
NO LEGAL FEES.
NO RISK.
HOW OUR AUCTION SERVICE WORKS
- A fast and secure method of sale
- Competitive bidding to help achieve the best price
- Fixed completion timelines
- Transparency for both buyers and sellers
FAQS
Will selling at auction mean I get less for my property than I could through a Private Treaty sale?
An attractive Starting Bid increases interest and encourages competitive bidding between prospective buyers, which can help to drive up the final Selling Price of your property. Auction is for those sellers who are looking for the additional benefits of speed and security so pricing strategies are designed to help your property sell quickly. However, you always have control with your undisclosed Reserve Price (the minimum amount you are prepared to sell for) which means if no bids meet this, your property does not sell.
What happens if my property doesn’t sell during the auction?
Should a property not sell in the first auction cycle it is relisted for a second period. We can run as many auction cycles as it takes to successfully find a bidder. You can withdraw the property once the sole selling rights period has expired with no charge to yourself, subject to a 21-day withdrawal period.
What’s an Auction Pack?
An Auction Pack is required when selling at auction and is a collection of legal documentation assembled to give any potential purchasers and their Solicitors essential information to make an informed decision on whether to bid on a property. It is very similar to the work undertaken by a Solicitor during the Conveyancing process on the open market. By collecting this information upfront it reduces the risk of a sale falling through by identifying issues earlier, speeds up the time taken from a sale being agreed to completion and also gives buyers the confidence to bid and reserve a property. Documents typically include: Title Register, Title Plan, Property Information Forms, Fixtures and Fittings Forms, Local and Water Searches, EPC and any additional documents such as Epitomes of Title (Unregistered properties), Grants of Probate, Powers of Attorney, etc. For Leasehold properties a Management Pack is also provided detailing any information on the Leasehold.
What is a guide price?
A guide price is a marketing figure, which is used to guide potential buyers as to how much a property could be worth. They are not necessarily figures which a property will sell for, the sale price will be dependent on bidding in the auction room. Guide prices can either be a single figure price or a price range. These may change at any time prior to the auction. The most up to date guide prices should always be showing on the property details page.
Can I set the price I’m willing to sell at?
Yes, this is called the reserve price. Your property will be offered subject to this reserve price, and it is kept confidential between the seller and auctions team. It is usually set just prior to the auction and is a figure below which the auctioneer cannot sell the property during the auction. If the property fails to reach its reserve, offers will then be invited from all interested bidders to try and agree a sale after auction at or above your reserve.
Click here for a link to our Buyer’s Guide
