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What Is The Modern Method of Auction?
The modern method of auction is known as a conditional auction. A conditional auction occurs when an offer is accepted or at the close of the auction, the buyer must also place a non refundable reservation fee to reserve the property.
28 days are given to the buyer to exchange contracts; this is followed by another 28 days to then complete the purchase. The modern method of auction is the preferred method of many buyers as it offers greater flexibility whilst still securing a sale on the property.
Why Sell Through Our New Modern Property Auction?
0% commission to pay on all sales*
To sell your property with us you would not have to pay any fees whatsoever. So the money you’re going to save can be spent on something a little more interesting like a holiday or a new car perhaps? Our costs are covered by the reservation fee that we charge to the buyer.
A fixed date to move and sell
Complete clarity is provided for both parties as upon the close of the auction your property is tied into a fixed time scale for exchange and completion.
Many sales tend to take longer than anticipated and therefore a fixed timescale is rarely set when selling a property through private treaty.
A non-refundable reservation fee
A non refundable reservation fee is paid by the buyer of the property and is calculated against the final selling price of the property. This is paid upon the close of the auction.
You have the reassurance that the buyer is serious and able to proceed with the sale as the reservation fee paid is non refundable.
Achieve current market value
We are able to guarantee that you will get the best price on the current market with us as we provide a unique pricing strategy and fantastic marketing.
By working with us you will receive increased levels of interest in your property which we create using our unique pricing strategy. Higher levels of interest result in more offers and a higher end of sales price.