Selling at Property Auctions | The Property Auctioneers

Wondering how you can successfully sell your property at auction? The Property Auctioneers provide helpful tips on attracting bids from buyers. Read them here.

Can I sell direct at property auctions?

We are always looking for properties to add to our listings for Auction.

We sell all types of property at Auction from a freestanding Garage to acres of land and any property in between. Whether you have a probate property requiring extensive work or are a Solicitor dealing with a repossession we are on hand to guide you through the selling at Auction process.

What are the cost implications of selling at Auction?

The costs of selling at Auction do vary and are more expensive than what a general estate agent will charge, however, the benefits of selling at Auction outweigh the higher prices paid.

Benefits include

As soon as the property is sold at Auction contracts are exchanged
Completion within 14 days
Ability to gain a higher price than you expected.
Ability to have a reserve price on the property to ensure it doesn’t go for less than its worth.

The Property Auctioneers keep their prices fair and extremely competitive. If you’ve been offered a better deal with another Auctioneer but prefer our values? We will do our best to match the costs.

What happens if the reserve isn’t met on the Auction day?

The reserve is there to protect you and your sale. If it isn’t met on Auction day then the property will not be sold. The Property Auctioneers will then offer the property to prospective buyers to see if they are willing to buy post-auction. This is common practice and all of the normal auction terms including payment and Completion and exchange timescales stay the same.

Selling fees

Selling fees are agreed upon between the seller and the property auctioneers prior to the auction. This is on ‘ a typical property’ however If we had taken on a low-value property such as a garage we would charge our minimum selling fee of £500+ VAT

Please see our terms and conditions for further information.

We also have a listing fee of £350+ VAT this is to enable us to list and market your property prior to the auction.

Other costs you will need to consider when selling at auction is Properties legal pack. The auction legal pack is crucial for the successful sale of your property at auction, it contains all the legal information (e.g. land registry documents, deeds, searches, property information questionnaires, lease documents, any tenancy agreements, etc) relating to the property. The more in-depth information there is in the legal pack the more confident prospective buyers will be. It’s therefore imperative not to cut costs when preparing the legal pack as it may adversely affect the final sale price. We can provide you with a list of Solicitors our clients regularly use to assist you with quotes.

About

About Us

The Property Auctioneers are a leading property auctioneer in the UK providing national coverage with local knowledge, whether you are buying or selling please contact us for personable and professional service.

Why choose us

Selling property at auction is a fast and effective way to ensure a quick sale or purchase.

No Hidden Fees
All fees are in the legal packs with no hidden nasty surprises.

Free Property Appraisals
We can give you a free appraisal for your property with an indication of a guide price. It is then for you to decide if you would like to put the property into auction.

Browse our properties
Take a look at our properties for our next future auction.

01234 385 645