Auction News 31 July 2020

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Sell a vendors property by auction and keep 100%

1. Enter any of your vendors property in our next auction and keep 100% of the commission once sold 2. Pay absolutely no fees to enter your vendors property in our next auction 3. Exchange and complete within 28 days on the fall of the gavel - no Fall throughs 4. Use our auction service whenever suits you with no tie ins or contractual obligations This isn’t a new proposition, however there is still immense opportunity here for a vast number of estate agents in the market today. Fear not, as an auction house we are not looking to take away business form you. Primarily, we form a partnership. Types of property generally instructed through partners include short lease property, run down property, probate property or property whereby the agent is about to be dis-instructed and auction becomes a viable option. Why do people sell via auction? Three reasons: Maximum price, speed and security. 20

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Price – You are in full control at all times. From the reserve price to the guide price, we are here only to advise. Setting an attractive guide price instils the engagement of potential buyers. The competitive atmosphere and the variety of bidders from different sources will push up the price organically. If a property is suitable for auction- expect the sale price to reflect that. Speed – Property Auctions are best known for selling with speed. On the fall of the gavel contracts are exchanged and completion usually 28 days after, unless special conditions apply. By following our advice and pricing the property at a keen and attractive level you can be sure of a quick sale and sometimes even a pre-auction sale. This timescale is legal and binding. Clients are attracted to the promptness of a swift completion of a sale. Security – Imagine a sale with no possible fall throughs, gazumping or gazundering. Once the gavel falls the buyer and seller are legally bound to the sale and contracts are exchanged. Neither party can pull out. Not only this, this method of sale eliminates any long negotiation processes and seller chains. But what properties are sold at auction, is the vendors property an option? Many who sell at auction often achieve a higher sale price than that of a private treaty and the reason is the property is more suited to auction. If you can answer YES to any of the following then


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