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Online Property Auction

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0 Comments Feb. 25, 2023

Free Online Property Auction for property vendors and buyers

How to sell your property free by using the online auction method?

One of the most common misconceptions with an auction sale is that maybe you’re not going to get the best possible price. Well, our recent results demonstrate that several lots selling in the online auction are much more than they were originally marketed at, with high street estate agents. If you offer a property for sale to a motivating price in the market, a competitive buyer will certainly buy it for all that it’s worth.

An online auction sale is swift and secure

Quite often people perceive an auction sale as being the last resort but, it ought to be the first method of sale. On the successful bid online and at the end of time the buyer has certainly bought the property; there is no opportunity for them to renegotiate or change their mind and it offers the security and comfort that the matter will be dealt with swiftly and securely.

Selling your property at auction offers a host of benefits that are not available to you when selling using traditional methods.

A reserve price is agreed upon, this is the lowest figure you would accept and we cannot sell the property for anything less than that amount. A starting bid is set, then your property will be entered into the auction and will be advertised on various property portals with a fixed end date.

Buyers can view the property before the auction date and we encourage them to do so, as when they bid they are committed to purchasing your property. You will be kept updated with feedback from viewings and offers prior to the auction ending.

If you are selling unconditionally your solicitor will produce a legal pack with all the information a buyer will need to exchange contracts as soon as bidding ends and if the reserve price is at least achieved. The property goes to the auction room and will sell for the highest bid above the reserve if this option is agreed upon in advance. We take the reservation fee and deposit from the buyer and pass their details and the paperwork to your solicitors to complete the transaction.

Online auction benefits include

  •  0% fees to sell your property, nothing hidden

  •  No catch and fully transparent

  •  Non-refundable deposit paid by the buyer

  •  Immediate exchange of contracts

  •  The buyer is legally bound, once the bid is placed

  •  Fixed timescales for completion

  •  Achieve the desired result, by setting up a fair reserve price

  •  Costs nothing to speak to our dedicated auction department


The whole process takes around four weeks, there’s no chain and when the countdown comes to an end and the reserve price is achieved your property is sold and includes intensive advertising on the Auction site along with leading property portals i.e. Zoopla, Rightmove, and many more, display the property particulars, legal pack, and inclusion in the high-quality auction catalogue distributed to 10,000+ active buyers via our e-marketing. 


Completion of the sale

The completion of the sale is usually less than a month after the auction unless stated otherwise in the special conditions of sale in the legal documents. The balance of the sale will be paid on completion. A solicitor will normally deal with this part of the sale.


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