Selling a Residential Property at Auction
The UK's Leading Property Auctioneer
While selling through an estate agent is a popular method, it can end up being a long wait before completion and even then, there’s the risk that it could fall through. There are many advantages to selling property at auction. If you are thinking of selling, or would simply like to discuss the market, speak to us today.
The Advantages of Selling Property at Auction
1. Certainty of sale
Once bidding has closed on the fall of the virtual hammer, a binding legal contract is formed between you and the successful bidder. This means they can’t change their mind without financial and legal penalties.
2. Best price
One of the top benefits of auctioning a property for sellers is getting the best price. An auction should generate a number of bidders for each property. The atmosphere created can be extremely exciting, and the process of competitive bidding will help to achieve the best price on the day. If there’s strong interest in your property, then a ‘bidding war’ may see you get a much higher price than you expected.
3. Speed
Many vendors like to sell property at auction as exchange of contracts takes place on auction day, or before if a sale is agreed in advance. Once your property has sold at auction, completion can usually happen in as little as four to eight weeks. This makes auction a great option if you need to sell fast.
4. Transparency
As much as it is a benefit for potential buyers, having a transparent bidding process is advantageous for the seller too, as the best possible price is achieved in open competition.
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Why Allsop?
Allsop has the people, depth of experience and reputation necessary to hold competitive auction sales.
- We achieve results - We consistently sell over 80% of all properties entered into our auction
- Wide market exposure - With over 90,000 registered potential buyers, we promote your property through intensive marketing campaigns. Properties are also listed on Rightmove and Zoopla
- Experience & service - Allsop has been synonymous with property auctions for over 100 years. Our auctioneers are amongst the most experienced and respected in the industry. We offer a streamlined service aimed at securing the best possible price for your property with the minimal amount of stress
- Considered advice - We always consider whether a property is suitable for sale by auction or private treaty. Allsop offers both methods of disposal
Let us help you through the selling process
Please complete the enquiry form and a specialist from our Residential Auction team will help you.