Auctions is the fastest ways to sell a property. The whole process, from instruction to completion, can take as little as 8 weeks.
Once the hammer falls, a legally binding contract is formed between the seller and the buyer. The buyer has to pay a deposit immediately, and complete in within 28 days (56 days for Modern Method Auction) reducing the risk of the sale falling through.
The on-line auction environment can generate competition among buyers, potentially driving the final sale price higher than expected.
Online open bidding process allows sellers to see the level of interest in their property and ensures that the best possible price is achieved in a transparent manner.
Auctions attract a diverse range of buyers, including cash buyers and investors, who are often looking for quick purchase.
Auction sales have set deadlines for exchange of contracts and completion, providing sellers with a clear timeline.
Once a bid is accepted at auction, the buyer cannot lower their offer.
Auction sales are not dependent on property chains, simplifying the process.
You set a reserve price with auctioneers help, ensuring your property doesn't sell below this minimum amount.