·       An auction creates a “day of destiny” by stimulating intense activity over a concentrated period of time, which can lead to a higher sale price than usual.

·       The sale is straightforward and always from an able buyer with no related sale.

·       Any survey or mortgage application is conducted prior to the auction, when the fall of the hammer equates to an instant exchange of contracts on the day, although there is usually no obligation on the seller to accept any bid. Indeed, sometimes negotiations continue to a satisfactory conclusion after the auction has ended.

·       Buyers are keen to buy at auction because of the preconception that they may pick up a bargain. The more buyers who are interested in the property, the greater the competition, as everybody wants something other people also want! It is this platform of competition between buyers that ultimately results in the highest bid on the day.

·       Auction properties enjoy wide exposure to the public as well often being the preferred buying medium for professional and overseas investors.

We regularly achieve great results for our auction clients, working in close partnership with iam sold Auctioneers. So even though you might not have considered the auction route – why not call us for a chat on 01925 222555 and see how an auction could work for you.