Selling at auction
A speedy sale
The Modern Method of Auction takes just 56-days^ from receipt of draft contracts. Alternatively, you can opt for Traditional Auction whereby your sale will be finalised in just 28 days.
Secure transactions
Once the sale is agreed, the buyer pays a Reservation Fee. This gives the seller peace of mind that their buyer is committed to the purchase and means there’s no renegotiating once the sale is agreed.
Competitive offers
The transparency of iamsold auctions means buyers can easily see each others’ bids, encouraging interested parties to bid more competitively to win the property — boosting your final selling price!
No selling fee
With auction, selling fees are typically paid by the buyer. This makes it a lower-cost alternative to Private Treaty (or ‘open market’) transactions where, as the seller, you will often pay your Estate Agent a commission.
With auction, you're in control
Your dedicated Auction Specialist will work closely with you and your Estate Agent to agree on the best auction route for you.
They will discuss a pricing strategy with you, agreeing both an undisclosed Reserve Price (the minimum amount you’ll accept for your property sale) and a Starting Price (the price your property is advertised at, to generate interest).
Your Sellers Guide to Auction
Selling at auction is safe and secure. Once you know that auction is the choice for you, we’ll handle the rest alongside your Estate Agent. Take a look at our handy guide to see what’s involved:
Preparing to sell at auction
It’s important to provide potential buyers with the key information they need upfront. We prepare an Auction Pack for each auction property, containing a collection of documents which also helps to speed up the Conveyancing process, saving vital time further down the line.
If your property is a Leasehold you may also need to provide a Management Pack which you can request from your Freeholder or Managing Agent.
Advertising your property
Your Estate Agent will market your property in a number of ways, which may include advertising, social media and using leading property portals among other avenues.
In addition to this, your property will also feature on the iamsold website and will be directly advertised to our database of known buyers.
Not sure where to start?
Get a quick valuation on your property to start the selling process.
