Also known as the traditional auction method, where the purchaser will exchange contracts on the fall of the gavel and pay a non-refundable 10% deposit.
Completion is usually set within 28 days giving you and your purchaser certainly of sale.
Conditional auctions are considered to be a more flexible auction method. The purchaser pays a reservation fee to secure the property and is granted 56 days to exchange contracts and complete. This more flexible way of selling can give the purchaser longer to obtain funding, therefore potentially attracting more bidders which can result in a higher price being achieved.
Our online auctions give you total flexibility over the sale of your property. You can choose a conditional or unconditional sale, giving you the same benefits of selling in a room auction but allowing you to set a timescale to suit your circumstances. This operates in pretty much the same way as the likes of e-Bay, with interested parties placing their bids from wherever is convenient for them, and bidding against each other to achieve the best price possible at the end of the sale.
In Room Auctions
With over 40 auctions held across the UK each year, there is always an auction not too far away. They are held in prestigious venues and can attract up to 1,300 people. The auctioneers have a wealth of experience and work hard to achieve the best price possible for each property offered.
Please give us a call to discuss the benefits and find out more about selling by auction.