Property Auction
Auction your property
Buying and selling at auction is easier than you think and not just for property which is run down or in need of repair.
Grace Estate Agents has partnered with the UK leading property auction experts, Auction House, to help even more people buy and sell at auction.
Advantages of selling at auction;
Sell quickly
Exchange happens at the fall of the hammer which means you could be completing on your sale in no time at all
Chain free
Occasionally a chain can slow down a sale, however, at auction, buyers can only buy a property if they have funds available and are chain free.
Increased competition
Everyone in the auction room is there to buy a property. This has the potential to increase the final price achieved for your property if there are lots of people interested in it.
If you would like to find out more about selling your property at auction or would like to know how much your property could achieve at auction contact the team for a free auction valuation.
How it works
Here's what to expect when selling your property by auction
1. The decision
Contact our team to find out if your property would be suitable for auction.
2. Valuation
We will organise for the Auction Team valuer to come to your property to provide a free, no obligation valuation.
3. Auction Agency Agreement
If you decide you would like to go ahead and sell your property at auction you will sign the auction agency agreement and the team will begin preparing the paperwork required to sell your property.
4. Marketing
The Auction Team will ensure your property is marketed online as soon as possible. Your property will be marketed on the Auction House website, portals such as Rightmove and Zoopla, social media platforms, as well as being sent to a national mailing list of auction buyers.
5. Viewings
Leading up to the auction, an Open Day of viewings will be held at the property to allow potential buyers to look at the property and ask any questions they may have.
6. Set the Reserve Price
The Auction Team will call you a few days before the auction to discuss where you would like the Reserve Price to be set. The Reserve Price is the minimum price the property will be sold for. The Team will be able to guide you on this figure if you wish.
7. Auction Day!
Today is the day! Hopefully there will be lots of potential buyers in the room and numerous bids will be received. Once the gavel falls you will exchange contracts and the sale becomes legally binding. The sale will be handed over to your solicitor to see through to Completion.
8. Completion
There will be 28 days between Exchange and Completion. This will give you enough time to ensure the property is empty and provide all keys to the auction team. On the day of completion your solicitor will transfer the funds into your account and you will have successfully sold your property through auction!