While Private Treaty can take over 100 days* to complete, the Modern Method of Auction ensures a completion timeframe of 56 days* from the receipt of draft contracts.
When the sale is agreed upon, the buyer pays a Reservation Fee, providing the seller with peace of mind that the buyer is committed to the purchase and eliminating the possibility of renegotiations after the agreement.
With Modern Move auctions, buyers see competing bids, which encourages them to bid more actively, helping to maximize your final selling price!
No fee! – In an auction, the buyer typically covers the selling fees, offering a more affordable alternative to Private Treaty sales, where sellers are often responsible for paying their Estate Agent’s commission.
We work closely with you and your chosen Estate Agent to agree on the best auction route for you; this includes pricing strategies generating the minimum amount you’ll accept for the sale and setting a strong price point!
Preparing to Sell at Auction – Providing potential buyers with key information upfront is essential. To facilitate this, we create an Auction Pack for each auction property, which includes a set of important documents that help streamline the Conveyancing process, saving valuable time later on.
For Leasehold properties, you may also need to supply a Management Pack, which can be obtained from your Freeholder or Managing Agent.
Your Estate Agent will promote your property through various channels, such as advertising, social media, and leading property portals, among others.
Additionally, your property will be showcased on the Modern Move website and marketed directly to our database of qualified buyers.