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Video: Sell Your Home Through the Modern Method of Auction

Posted on: Friday, March 9, 2018


Video: Sell Your Home Through the Modern Method of Auction

Have you thought of selling your home at an auction? It’s not only developers and bargain hunters that buy at auction. In fact, homes of every price and finish are selling through the modern method of auction. This is what you need to know.  

How long do Auctions last?

Auctions can run for 14-28 days, so buyers have time to set their budget and bid accordingly.


When will completion happen for auction sales?

It’s a quick turnaround so you can move faster. Completion will happen within 56 days of sale.


Who can bid for my auction property?

Both cash buyers and mortgage buyers can bid for your home. They just need money up-front for their reservation fee.


Non-refundable reservation fee

Fewer sales fall through because of the non-refundable reservation fee, so you can be more confident in your sale. Plus, everything happens safely and securely online.


Save money on estate agent fees

You can save money on estate agent fees. With an auction, the buyer pays the auction fee so there are no fees for the seller. You may just need to pay a small marketing fee.


Higher price than expected

Competitive bidding can drive up the sale price, so you could sell for a higher price than you expected.


The Guild is a network of the best 800 independent estate agents around the country. Your local Guild Member can help you sell through the modern method of auction, so you know you are dealing with a local property professional.

Find your closest Guild Member at guildproperty.co.uk/find-a-guild-member


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The team at Phillip Martin have been second to none in both the letting and sale of our property. Communication has been superb throughout and advice thoughtful and constructive. They listened with care and guided us through the process with a friendly approach. We would highly recommend. A particular mention to the professionalism and warmth of both Holly and Aaron.

"

Great service start to finish from everyone I dealt with. Calls always returned, regular updates along the way. Elowen in particular went the extra mile helping to find an independent removal company when mine could not make the revised date. Very friendly & professional I really feel they helped keep everything moving.

"

James and his team handled a complex sale (house and adjacent land owned by a third party) with great professionalism and innovation and determination to secure our sale. He was also cognisant of our time scales in that we had not secured an onward purchase or rental property. James is an extremely approachable agent who always worked with us to successfully achieve our goals and certainly went ‘the extra mile’ when required. We cannot recommend him highly enough.

"

"We were so pleased with all the correspondence with Phillip Martin and you all certainly delivered a very professional and friendly service. We would particularly like to thank you for all your personal correspondence. It went above and beyond and we are truly grateful.  As I mentioned before we have only ever bought two houses and they were both through Phillip Martin. We will certainly use you guys in the future!"

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Very efficient and personable service helped us find a perfect place. Trustworthy and effective. Thank you.

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I recently sold a property through Philip Martin. The agent used throughout was Sean. He was knowledgeable & well informed and happy to answer any questions or queries. Then as we negotiated on the sale and proceeded through to completion he was always very quick and precise in communicating any updates. Highly recommended.
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How Much is Your Property Worth?

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