If you're considering selling your house or property, the first step is to speak to a member of the Auction House team.
We'll then arrange for someone to visit your property for a valuation and to advise the best method of sale. Depending on your circumstances, they may recommend selling at a regional auction or national online auction.
You'll also receive recommendations on a guide price and any additional advice you need to make an informed decision.
Once you've confirmed you'd like to proceed, we'll prepare all the relevant paperwork needed to sell your property. This will include Energy Performance Certificate (EPC), searches and any other reports or agreements needed for sale.
We'll also work with your solicitor to prepare a legal pack and provide this online for all interested parties to access.
We'll provide you with the property details and marketing materials we have prepared for your approval.
We'll then use this information to create listings on our website, catalogues, and other advertising methods.
If any amendments are needed after your approval, we can include these via an addendum before the auction.
We will market your property extensively online and in print.
Your property will be listed on major portals and property websites such as Rightmove and Zoopla. We'll also advertise in selected local papers, and where appropriate, other specialist publications.
Your listing will be sent to our vast mailing list of interested buyers, including via email and social media.
You will also benefit from national marketing through our central Head Office team.
To save you time, we typically organise open house viewings. This allows all interested buyers to view your property at a range of set times.
A member of the team will be present to provide information to the viewers. They'll also ascertain level of interest and provide feedback to you afterwards.
Your property will be given an auction lot number and will be added to the upcoming auction catalogue.
This catalogue will be sent out to interested parties on our direct and email mailing list. It will also be added to our website and shared on social media.
During our open house events and in our discussions with potential buyers, we will gauge interest in your property. This will enable us to advise on a suitable reserve price. (The reserve price is the minimum amount you would be happy to sell the property for).
We will discuss and agree on this with you approximately two days before the auction, and this will remain confidential.
Occasionally, you may receive a pre-auction offer. If you accept this offer, it will be subject to the same auction rules. Exchange would be required at least five days before to the auction.
Before the auction begins, there is time for prospective buyers to ask any questions. to be informed of any final amendments to the catalogue and for everyone to be ready for the start of bidding.
Each lot is described by the auctioneer prior to bids being taken. If bidding is successful, your property is sold on the fall of the hammer, with contracts being exchanged at this time.
The successful bidder will enter into a legally binding contract to complete on the property, giving you reassurance that the sale is secure.
After the auction day, your solicitors will handle the remainder of the sales process.
Completion will take place within 28 days after exchange (unless agreed prior to auction otherwise).
All you need to do next is ensure your property is vacant on completion (unless it has been sold tenanted). You also need to make arrangements for key release and cancel any services in place.
Now your property has sold, make sure to share your auction experience. Leaving a review and recommending us to others helps us reach other vendors in need of a property sale solution.
Ready to take the first step? Book a valuation or get in touch with your local Auction House team today.