GOING, GOING, GONE !

Selling your Property at Auction

A property auction is a public sale and if prepared properly can lead to an extremely successful conclusion in a relatively short space of time.

Selling by auction offers a high degree of certainty for the seller that a sale will be achieved on a given day. At auction, the fall of the hammer effectively represents an exchange of contracts, therefore removing much of the uncertainty connected with other methods of selling property. Once the hammer has gone down, the buyer cannot renegotiate or change any of the terms already stipulated. In many cases, the entire sale process - from instruction to exchange of contracts - can be achieved in as little as six to eight weeks.

An auction sale generally has the effect of focusing the minds of potential purchasers. Buyers have the benefit of knowing that there is a genuine intention on the part of the vendor to sell, sellers know that the buyer is absolutely committed and likely to go through with the deal.

Our property auction department works hand-in-hand with some of the country’s leading auction houses, generally conducting the auction sale itself in central London. Tens of thousands of catalogues are distributed for each sale, and we take care of extensive local advertising.

Central London auctions are busy places, with an exciting and vibrant atmosphere. It is not unusual for 1000 people to attend a sale, creating the ‘buzz’ so crucial to a successful sale.

Interested to know more about selling or buying at auction? Contact Daniel Nash on 01442 820420.