Buying

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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Jack at Holland and Odam recently helped me sell my house, and I couldn’t be happier with the service! From start to finish, he was professional, knowledgeable, and genuinely invested in achieving the best outcome. Jack kept me updated every step of the way, answered all my questions patiently, and his expertise in the local market ensured we achieved a fantastic price. The whole team at Holland and Odam were efficient and friendly, making what can be a stressful process feel smooth and straightforward. Outstanding service!

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We had a fantastic experience throughout the sale process with the Holland & Odam team. Their communication and approach was invaluable and all aspects of the services provided were delivered professionally and to a high standard. Thank you for all your help and guidance.

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