- Selling Property Within Our Live Online Property Auction -
Auctioneers Start Lower and Reach a Higher Selling Price Ė Unlike Estate Agents Who Start High and Can End up Much Lower!
One of the best thing about 0131 Auction is selling your property with us is 100% COMPLETELY FREE OF CHARGE!!! - We do not charge the sellers a single penny, ever!
You can rest assured that the highest bid received at Auction end is 100% the amount you will receive for your property from the buyer, GUARANTEED.
Because 0131 Auction charges a small reservation fee above the final purchase price from the buyer of Auction property we are able to offer all sellers a completely free service... Now isnít that a pleasant change from the traditional high street Estate Agents way of doing business?
HOW IT WORKS
Property Appraisal... You will receive a free no obligation auction appraisal of your property. We will advise you whether we think your property is suitable for sale by auction or not.
Guide Price... A guide price will be recommended which you will need to approve before marketing begins. It is important to set the guide price at a realistic level which is attractive to buyers.
Reserve Price... Prior to selling your property at auction, a reserve price will be agreed with you. This is the level below which our Live Online Property Auction staff will not be authorised to sell your property. It is important that the reserve price is set at a realistically achievable level.
Formally Instruct Us... Following agreeing on a suitable guide and reserve price for your property, as stated above, you will then receive an auction agreement to sign and return.
Sales Commission... NONE! We do not charge sellers a single penny to sell their property within our Live Online Property Auction.
Viewings... Where applicable viewings of your property will be carried out by appointment only.
Interest and Offers... During the marketing period all interest and enquiries are logged. Our Auction experts will maintain close contact with potential buyers and liaise with you throughout as well as reporting to you any direct offers to purchase made prior to the Auction end time.
The Auction Day Itself... For sellers it is important to note that if your property reserve price is achieved at any time within the Auction this represents an exchange of contracts and the successful bidder is legally obliged to pay us a reservation fee amounting to 2.5% of the purchase price. The buyer cannot renegotiate the contract and cannot change any of the terms stipulated. Completion usually occurs 28 working days after the auction end when the balance of the price is payable directly to your Solicitor. Our Live Online Property Auction can be extremely competitive and the prices achieved at Auction can often be higher than those achieved by private treaty, i.e. through an Estate Agent.
What Happens if My Property Does Tot Sell at The Auction End Time... If your property fails to reach its reserve price by the auction end time it will automatically be listed for a further Auction period (usually lasting 7 days) until sold or withdrawn by you. Your property may even be sold in the days or weeks after the initial Auction end as we continue to heavily market the property via various advertising mediums. It is quite common for an unsold property to sell within an hour of the auction ending as potential buyers may have simply been delayed, etc.
It is important to remember that we cannot accept a guide or reserve price that is unrealistically high, basically because we aim to sell the property within 7-28 days. If you would like to sell your property quickly, completely free of charge and receive a realistic purchase price then selling at Auction is definitely right for you!