Property Auctions in Shropshire, Staffordshire and the West Midlands
Auction provides a great alternative method of buying and selling property to Private Treaty, with faster completion timescales, more security and transparency for everyone.
Auction provides a great alternative method of buying and selling property to Private Treaty, with faster completion timescales, more security and transparency for everyone.
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We work in partnership with iamsold; the UK's No.1 Residential Property Auction Provider, to offer you a wider choice of buying and selling options to suit your circumstances. For those customers looking for speed and security, auction can offer an attractive alternative to Private Treaty, with many other additional benefits.
Buying at Auction
Benefit from a speedy completion within 56 days (allowing you time to arrange mortgage finance), and peace of mind that the seller won't change their mind later. Make an informed decision before bidding, with upfront Property Information Packs, and bid online 24/7 for your perfect property!
Selling at Auction
Sell your property with no Selling Fee, quickly and securely, with financially committed buyers to reduce the chance of a disappointing fall-through. And, as interested parties see each other's offers, competitive bidding can help increase the final Selling Price of your property for a great result!
Property Auctions Explained
Modern Method of Auction
The Modern Method of Auction (or 'Conditional Auction') see contracts exchanged and completed within a 56-day^ timescale from receipt of draft contract, where the buyer pays a Reservation Fee. The Modern Method opens auction up to more buyers than ever before, as its timescales allow extra time for arranging finances, making it available to buyers who require a mortgage.
Traditional Auction
Traditional (or 'Unconditional') auction sees an immediate exchange of contracts, where the buyer pays a 10% deposit and a Reservation Fee when the auction ends- this process allows for 28 days to complete. While it is a more rapid process than the Modern Method of Auction, this does mean that interest is usually limited to cash and investment buyers.