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Why Auction?

For some sellers, their initial reaction to auction is "that's only for desperate people" or "I'm not giving my house away" or "that's only for run-down properties."

The truth is, that auctions offer a secure method of selling a property, providing a platform for exposure whilst you fully retain control of the process.

All properties are sold subject to a reserve price. Your property will NOT sell for less than your agreed amount meaning that you are in control of the price that you accept.

We have partnered up with an agent with over 25 years of auction experience and an expansive partner agent network and we can ensure maximum exposure on a national scale for your property.

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

To confirm, a reserve price is agreed on your property, this is the lowest figure you would accept for the sale and we cannot sell the property for anything less than this amount. A starting bid is set, your property will be entered into the next auction and will be advertised in the catalogue and entered into the "online auction" with a fixed end date.

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

If you are selling unconditionally, your solicitor will product a "legal pack" with all the information a buyer will need to exchange contracts. The property will be placed into an online auction and will sell to the highest bidder above the reserve price agreed with you. We will take the reservation fee and deposit from the buyer at time of sale and pass their details and paperwork to your solicitors to complete the transaction.

Key Benefits...

Security

you will have the comfort of a non-refundable reservation fee/deposit from the purchaser. You also have the security of your reserve price which ensures it will not sell below this agreed amount.

Speed

With an auction, you can decide whether you would like the sale to complete within 28 or 56 days. The buyer and their solicitor must then work within these timescales or the buyer could lose their deposit.

Maximum Price

Your property will be advertised with a starting bid which is appealing and typically less than the asking price agreed with you. A more attractive starting price leads to more viewings and interest; which equates to more offers and ensures you achieve the best current market price.

Your property will be advertised in the auction catalogue, which is sent to an extensive mailing list. It will also be advertised by partner agents both locally and nationally as well as on the auction website.

Sell for FREE

You also have the option to sell through unconditional or conditional routes without any auction or estate agency fees. An additional reservation fee is collected from the buyer allowing us to give you the full auction advertising and marketing without ANY COST TO YOU.

The benefits of selling at auction is you get the best price in today's market with no hassle or hold ups.

The reasons to sell at auction are as follows:

You would set the Reserve Price, this is the minimum you are happy to sell for and will give you comfort that we cannot sell for less.

We will set the Starting Bid, this is typically below the Reserve Price but don't forget we cannot sell at this price and will only accept a bid at the Reserve Price or higher.

As we are online auctions, we can get your property up and running at your earliest convenience and along with Fairweather's marketing, you will also benefit from our extensive database marketing to maximise your sale price.

We can also offer a "No Sale - No Fee" leagl pack.

Fees to Pay

You do not have to pay any Estate Agent or Auction Fees.

For example, if we do a 28 day auction and the reserve price is met or exceeded, we will exchange contracts with the buyer and take a 5% deposit, this gives you security that the sale is likely to proceed and is legally binding. Completion is then set to take place within 28 days unless you request or accept an extention.

If you need more information, then please contact us using this link

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