Date Published 04 September 2018
I Am Sold is our in-house auction specialist. Whether you're looking to buy or sell with the auction there's something here for you. We just wanted to let you know a little more about the services that we offer.
Property Auction Services
There is no other auction provider in the UK & Ireland that offers a complete & comprehensive range of property auction services for estate agents to offer to their buyers & sellers. Together, we hold both live & online auction events nationwide, working in partnership with over 1100 estate agent branches, providing local knowledge & expertise.
The Traditional Method of Auction
This is a tried & tested method associated mainly with selling & buying investment stock due to more restrictive time frames to exchange contracts & complete the sale. This limits buyers & the interest and activity around residential properties.
The Modern Method of Auction
The more accessible route creates a transparent platform for buyers & sellers combining the best aspects of traditional auction and private treaty sales. We offer more realistic yet fixed timescales opening up the marketplace for buyers and sellers looking to arrange mortgages as their method of payment. The transaction has 56 days in which to complete with parties aiming to exchange contracts within 28 days of the draft contract being received by the buyer's solicitors. Whereas with traditional auctions, the exchange of contracts will usually take place as soon as the buyer has won the bid.
The modern method of auction opens the auction market which was once reserved for the professional investor or cash-ready buyer, up to residential buyers, creating a larger marketplace and more interest and activity than traditional auction. It is the preferred route for buying and selling via auction and has changed the perception of auction in the last decade.