This is the minimum amount for which you are willing to sell your property
SET THE LENGTH
OF THE AUCTION
This can be up to 30 days from the date going online. The longer the auction period the greater the chance of achieving the maximum amount for property, however a shorter period can be chosen if time is of the essence
PRODUCE A LEGAL
A legal pack must be uploaded prior to the start of the auction. We can recommend our legal partners or you can instruct your own solicitors
SIT BACK AND WATCH
THE BIDS COME IN
Bids are placed in minimum increments according the value of the property. Any bids placed in the final 5 minutes of the auction will extend the timer by 15 minutes to allow everyone a fair chance to bid
WHEN THE TIMER
If the reserve is met or exceeded when the auction timer ends, an exclusivity period begins in relation to that the property requiring them to exchange contracts on or before 28 days from the end of the auction. The buyer is automatically charged a reservation fee
Selling online broadens the potential market, there will be buyers, investors, developers and property dealers interested in buying your home. In many circumstances an online auction can be the best method for selling your property.
You can say goodbye to viewings and an uncertain time to sell. You avoid being part of a complicated chain, with never-ending solicitors’ letters and the threat of sales falling through. With a sale by auction, when the hammer falls the sale is secure, with no further negotiations permitted.
Perhaps you have a residential or commercial property you need to sell quickly, a property in disrepair or one that has potential for added value. Maybe you want to sell a vacant or tenanted property, your property is unique enough that buyers will compete to purchase… or maybe you’ve had difficulty selling due to legal complications.
Source from - SDL GROUP SELL AT AUCTION
If you fail to exchange contracts on or before the 28 days from the end of the auction, the reservation fee shall be fully refunded to the buyer and you may be liable to pay a fee to the auctioneer for services rendered as part of selling your property. If the buyer fails to exchange on or before the expiry of 28 days from the end of the auction, they will forfeit the full amount of the holding deposit. You will be free to relist the property for sale online and sell the property to a third party.