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Thanks to online sites such as ebay, customers are no longer afraid of the prospect of buying and bidding online. We buy everything from weekly shopping, to clothes and holidays online so why not property!
Interest in online auctions is at an all time high so now is the time to cease the opportunity and sell your property the modern way.
If you need to sell your property quickly for whatever reason, online auction is the best option for you. From the date of instruction, the process can move very quickly, meaning it is ideal for anyone in a time sensitive situation, such as relocating, needing to dispose of an investment or if you are under financial pressure. Often creditors are willing to work with us to help you sell your property if they have a fixed timescale.
Online auction is proving very popular with investors from all walks of life, meaning demand is high for suitable properties, which gives you a much greater chance of success.
Once the virtual hammer falls, the buyer has legally committed to the purchase and immediately pays a non-refundable deposit to secure the sale. Meaning they are less likely to back out of the purchase.
One of the biggest benefits of Auction is speed. You will have a fixed timescale from the beginning of the process, whether 28 days or 14, you have a clear idea of how long you have until the sale completes.
We all know the aim of an auction of any type is to generate interest from more than one party in the hope they will bid against each other and drive the sales price higher. Depending on the type and demand for your particular type of property, those buyers can be so keen to obtain the property they are willing to go above and beyond what would have been their offer amount through a traditional estate agent.
We have a massive buyers list of over 20,000 investors just waiting for the right property. We send daily emails out to these investors with details of all new stock so you can be sure your property is being seen by the right people. We also advertise through the UKs largest property portals, through our website and across all social media platforms.
We hold Open Viewings at your property to boost interest and give all interested parties a fair chance to have a look around. Our viewing agent is in attendance to gauge interest and answer any questions potential buyers may have. Open viewings are held on a set day at a set time and are usually only 30 minutes long at a maximum, this means minimum disruption to you and allows us to control the interest levels.
Historically properties for sale through auction will achieve a sale prices in excess of what was originally expected or what could be achieved through conventional sales methods. This is particularly relevant in the case of corporate sales or properties coming to auction through probate as executors have a duty to ensure the best possible price is achieved in the sale.
If you have an investment property with tenant in situ, there is no need to sell with vacant possession, meaning you will still receive any monies from rent right up until the completion date. Whether your property is occupied through an assured shorthold tenancy, regulated tenancy, assured tenancy or commercial lettings, we have a wide variety of investors ready to purchase any style of buy to let investment.
With traditional estate agent sales, you always run the risk of a buyer deciding to withdraw an offer at the very last minute, leaving you disappointed and ultimately sending you back to the beginning of the process with a fallen through sale. With auction, there is no room for negotiation after the online auction has ended, it is the buyers’ responsibility to ensure they have finance in place and that they have carried out proper due diligence prior to bidding. You will receive the amount they have paid for your property, minus any relevant fees, which you will be made aware of up front so there is no guess work involved.