Selling your house on the open market (also known as a private treaty sale in the world of estate agency) is the most common type of property sale but that doesn’t necessarily mean it’s always the right one for you. The Modern Method of Auction is different to the more traditional auction sale you picture being held in an auction room, but it still offers a quick and secure way of selling your property.
With the Modern Method, the auction takes place online, putting your property in front of a wide audience who can bid to secure the home and help secure a better price for your property.
There’s a fixed 56-day timescale with the Modern Method of Auction, compared to the average time to complete a sale on the open market which stands at over 150 days. In a sense, the Modern Method of Auction combines the speed and certainty of a traditional auction sale, with the marketing expertise of an expert local estate agent. It is now the first choice for many sellers and isn't only for street-smart investors and property developers. You also have a 95% completion rate for Modern Method, compared with 70% for open market sales which is why it attracts all sorts of buyers and all sorts of property.
Your property will be promoted to a wide range of motivated buyers whose bidding often drives up the final selling price.
The Reserve Price is the minimum sale price you are happy to accept, so you know your house will not sell below that value.
As the seller, you don’t have to pay a penny. Yes, really.
The structure of the modern method of auctions means you can rest easy, knowing you won’t be gazumped.
You can bid for your house of choice, any day, any time. Sort of like Ebay, but for property.
No hidden fees or complicated processes here. You’ll get an auction pack up front so you’ll know everything about the property before you come to bid.
**From receipt of draft contracts. No agency fees with our modern method of auction, where the buyer pays the reservation fee. Please note the buyer may consider this within their total purchase amount.
